Jan 31, 2014
"it takes about 3 weeks for anyone to see a drop, 5 minutes to see a rise" Actually, it all depends on how much of a price difference there is on the wholesale market, how many contracts are being bought, what's going on in the world and the news that affects oil, gas and energy, etc. It's a combination of factors. About two weeks ago, I warned probably 50 to 100 people here and about 300+ elsewhere on the web that oil and gas were going up on the wholesale markets and to watch out and get gassed up as it would or might be going up at the pump. It went up slightly more, but not significantly enough to make it jump everywhere like it has in the past, say just before the holidays for example. This time, it's really just fluctuating in the range of $2.69 to $2.62 a gallon for gas on the wholesale market; and it'll be up for two to four days and then come down for one to three days.