Three Months Before Price Announcement. Guess the MSRP.

[KevinRS]

But surely that's only temporary while the Iran war plays out?

Not looking like that is ending any time soon though, and even when it does, fuel prices shoot up like a rocket and drift down like a feather.
Notice how prices at the pump went up long before any fuel that passed through the straight could have even possibly reached the US?

 

[tgpii]

When the announce the price in June, will it be done, online, press conference, radio, other, all of the above . . . ?

 

[NMNeil]

Not looking like that is ending any time soon though, and even when it does, fuel prices shoot up like a rocket and drift down like a feather.
Notice how prices at the pump went up long before any fuel that passed through the straight could have even possibly reached the US?

I can't find the expose article, but it was from the 80's in the UK. During one of the many world oil spikes the UK petrol prices went up overnight with the inference that all the petrol stations had to fill up their storage tanks the same night the price of oil shot up, but 6 months after the spike was over they were still selling the petrol at the higher cost meaning they hadn't refilled their tanks in 6 months.

 

[danielt1263]

I managed a station when I was young... Every morning I had to report to corporate what the prices were at the competing stations in my area, then they told me how much to sell gas for. The price had absolutely nothing to do with the cost of refilling the tanks at my station. Now-a-days, I'm sure the managers don't even have to report competing prices. Hell, the pumps' prices are probably directly connected to corporate servers and are updated by them in real time.

 

[KevinRS]

Gas prices are determined by a speculative market. Investors every day move money in and out of it, probably minute by minute based on the latest news. Basically people are making bets, gambling on what prices will do.
The gas station hasn't bought the gas in the tanks, those speculators essentially own it, so immediate pricing is more determined by the swings of the speculation market than just supply from refinery and demand from drivers.
One time I went by a gas station 3 times in one day, and each time the price had changed.