"Experts" say it's no longer a simple matter of supply-and-demand, but the value of the dollar. Apparently the oil companies use LIFO accounting [last in, first out], so that if their cost goes up today, they charge us based on what they paid today for oil we won't even see at the pump for months [transit time, refining time, more transit time].
LIFO accounting is great [for the oil companies] when costs are rising, but when costs fall, it's odd how the oil companies' pricing more closely represents the time it takes to get the cheaper product to market. Guess LIFO doesn't work then.
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Today's Featured Article - A Farmall Story - by Ed Meadors. The year was 1978. Our young family had recently moved to rural Chesapeake, Virginia to a plot of land which would finally allow us to realize our dreams of a huge garden, critters and more lawn and pasture than we would ever use! We needed a TRACTOR; not a riding mower or tractor wannabe, but a real TRACTOR. The answer to our needs materialized in the form of a '44 Farmall A, complete with cultivators, discs, single plow, a 5ft.Woods belly mower and one, mounted spare 9.00x24 rear wheel.
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