There is no money in retail gasoline sales. There IS money in convenience sales like a coke zero or milk or a hogie, but they don't make squat at the retail level on gas.
How can people feel so confident on calling BS on a topic they no nothing about? The price of WTI is completely irrelvant to a retailer, if anything it's a detriment to profit because crude costs are in fact .... the retailers cost.
With high WTI, the benefactor is the producer at the well head, which ironically enough is likely not imperial oil, it's the hundreds of producers out there from the single lease owner to the field operator.
Also, the major component in the price of WTI right now is fear. Many world wide forecasters that don't even filter into the public but generally on retainer by large organizations all agree that the fundamentals suggest a price between about $60 and $80. From there the value of WTI comes from fear. Ironically enough the buyers bid it up to where it is now. The importance of security of supply is such that many organizations will buy it forward almost regardless of cost. I know people choose not to learn more than what the news tell them in 25 second increments but it's the not the mean old oil companies colluding (which would be easy to detect) it's buyers with blank checks demanding oil.
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