WiiStation360 on 24 October 2008
Oil prices go up, and it is reflected in the gas price immediately.
Oil price go down, and it is reflected in gas prices weeks to months later.
Oil companies sell gas a the higher of :
- the current cost to produce, based on current oil prices,
- the cost to of the gas when it was produced weeks/months ago.
That is why they make so much money when the oil prices fluctuate so much.
