Why does the pump price of fuel not change at exactly the same time as the cost of crude oil?
This is because different retail stations have varying agreements with their fuel supplier regarding the timing of refined product cost changes. This means that there will usually be a time lag between the price that the refinery pays for the crude oil and the price that the retailer pays for the refined product.
Related Questions
- If the oil companies raise the cost of fuel by 1 cent per litre at the pump, what would their profit increase be for that day?
- Why does the pump price of fuel not change at exactly the same time as the cost of crude oil?
- Why does the list price of fuel not change at exactly the same time as the cost of crude oil?
