Correlation

As we have watched the price of oil per barrel step, step, step up, we also saw the car fuels go up, up, up in lock step. Did we not?

The evening's news would report the new price and the next morning the posted price at the Marathon station nearby would have crept up a few pennies per gallon.

This week we have seen the price per barrel slide back a little. The Marathon is still getting the same price it was on Tuesday. What gives?

Are the brokers who bet on higher costs covering their losses?

It seems no matter what, the consumer will pick up the tab. Lucky us.

'til later