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Just wondering how the gas gets used in a truck??? Doesn't it just set there until something needs to be hauled? How often does the XII need to be filled. Mine is about once a week on normal work weeks.
I'm just a few days behind the times, but here's some interesting facts. If I step on anyones toes, my apologies, but this is what I see almost every day.
The refiners (oil companies) dont' regulate the price of gasoline. The stock/commodity market does.
An oil company agrees by contract to buy crude oil at a given price for "X millions of barrels" at a time.
The price of gasoline on the "spot market" is what the wholesalers (jobbers) buy it for from the refiners. There is the federal taxes & state taxes added in there, then the jobber mark up, then the retailer mark up.
As of today the spot market for a gallon of unleaded gasoline was $1.98..........the rest is taxes & mark up.