Wait a bit.
WTI crude is $26.89 right now and still headed South.
WTI crude is $26.89 right now and still headed South.
I saw a sticker that said "I can't afford cheap gas".
It was an oilfield worker.
It was an oilfield worker.
There's no guarantee they will, but typically you see lags between a couple of days to a couple of weeks.
Here's a good article on that topic. It's old, but the information in the story is still 100% relevant: http://www.cnbc.com/2014/12/04/gas-and-oil-prices-why-havent-gasoline-prices-fallen-faster.html
I have no sympathy for them.
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ditto
Why no sympathy? I don't either but I'm wondering why you don't.
Remember a few years ago when gas was getting close to the 4 dollar range? The news was FULL of storys about how it impacted the price of milk, eggs, bread, etc. HHMMMM...I wonder why those prices aren't dropping.
Same with a load of gravel. When we bought this property we could get a load of driveway gravel delivered for a little over $50.00. Then when gas and diesel went through the roof they doubled and in some cases tripled the price. Now diesel has dropped but the gravel price hasn't.
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