frankj1 wrote:I understand and also believe you understand this better than I do...but (didn't see that coming, eh?) if the oil/gas moguls react to real time events with immediate pricing changes on existing (already paid for) inventory, shouldn't there have been some noticeable price drop at the pump yesterday as the cost of barrels dropped...I believe below $100.
It appears that instant reaction only goes up, and price drops are more gradual.
In the middle of the night you hear a loud noise at your front door. You are quick to grab the 12GA, but slow to put it down when you hear no more noises...
When you eat bad Thai food, you are quick to get to a bathroom, but slow to walk away from it...
Plus, I am confident that most oil market analysts believe that the drop in crude prices are a temporary and artificial drop, and that prices will go back up.