OK, go with me here and someone please explain this to me:
Say, today, the price of regular unleaded gas is $2.50 a gallon and a price of a barrel of oil is at $50. Tomorrow, the price of oil jumps to $60 per barrel and gas jumps to $2.60. Next week, oil goes back down to $50 but gas only goes down to $2.58. Then, a couple of days later, oil goes back to $60 and gas shoots up to $2.70. How is this logical and how is this legal? Now, I'm all for the free market and all but these gas stations are ridiculous. Case in point, I literally saw gas jump 10 cents in a matter of an hour a couple weeks ago. I drove by and it was $3.29 and an hour or so later, I drove past it again and it was up to $3.39 an hour. By contrast, I never say gas go down in 10 cent increments. Ever. The worst part of it is, apparently there is a law in NJ at least, that says that gas stations don't have to sell gas lower than what they paid for it, which is all fine and dandy. However, when you see that they got a gas delivery one day and gas was listed at one price, yet the price goes up considerably the next day. So, does the law say that you can change the prices at your whim? Trouble is, they all have us by the short and curlies because it's not like we can run our cars on water. So, can someone explain this whole mess to me?