Well, our good friends the Utah Petroleum Dealers and their apologist spokesmen are at it again. When the price of crude goes up, they immediately raise the price at the pump. When the price of crude goes down they keep the price high, or even raise it.
Please explain what this approach has to do with the actual inventory on hand. Nothing! Even those of us who took Economics 101 know that you price things based on the inventory along with some profit margin.
The Utah association gets us coming and going. I'm sure we will hear their spokesmen deny this and continue to grovel while we pay the price at the pump, and they go to the bank.