Since prices travel at the speed of light, there is virtually no time lag at all between the rise in a barrell of oil and the cost per gallon of gas at the pump. Price DECREASES however, work in a different manner. When a barrel of oil goes down, the price of gasoline works its way ever so slowly around the entire universe before arriving at the pump, at which time it has already been replaced by the quicker price increase.What is the amount of time between when crude oil prices spike to when you see a price increase at the pump?
Not directly related - oil refineries enter into the equation also. If they shut down for maintenance, gasoline production falls while demand remains the same - forcing up prices. Now gas prices are coming down a bit because some oil refineries are coming back into production after being shut down for repiars for a few monthsWhat is the amount of time between when crude oil prices spike to when you see a price increase at the pump?
0 days for pump to rise when oil goes up. 1000 days or more or never if it drops.
mascara
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