Oil companies raise prices quickly, in case you hadn't noticed. Oil that sells for $83 a barrel on Tuesday apparently hits the gas stations on Wednesday, refined and all, if the price per barrel has risen since Monday. [If the price is going down, that Tuesday oil doesn't arrive until a couple of days later.] Not sure how the oil companies do it, since I've never heard of a tanker ship that could travel that fast...but whenever the wholesale price of a barrel of oil rises, gasoline goes up a corresponding amount within 24-36 hours [and usually less time].
And since folks like me have to use either gasoline or diesel fuel to get to work, we are at the mercy of the posted price. We don't get to tell the oil companies to "sit on it" until the price goes down, because we have mortgages to pay and utility bills that go on whether we make the drive to work or not. So we make the drive to work in order to draw a paycheck, and we end up paying whatever they charge us for gasoline or diesel fuel, because our only other choice is to risk losing a job in a "down" economy, and thereby risk losing our home. Not all products are the "must-have" that motor vehicle fuel is, so using the oil companies' "formula" won't necessarily work for EVERY product on the market.
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Today's Featured Article - History of the Nuffield Tractor - by Anthony West. The Nuffield tractor story started in early 1945. The British government still reeling from the effects of the war on the economy, approached the Nuffield organization to see if they would design and build an "ALL NEW" British built wheeled tractor, suitable for both British and world farming.
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