Plime/1Oil Closes Above $100 for First Time : ATOM 0.3www.plime.complime@plime.com2008, www.plime.com.2008-08-30T06:38:05+01:0051281

2008-02-19T16:39:02+01:002008-02-19T16:39:02+01:00

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205970

« acemak : so i'm assuing that the closing price is the average price over any given day.The closing price is the price it's at when the mar...]]>

2008-02-19T19:47:43+01:002008-02-19T19:47:43+01:00« acemak : so i'm assuing that the closing price is the average price over any given day.The closing price is the price it's at when the market closes at 4 pm EST (or EDT whichever we're in at the moment) per day. Tomorrow, if the price should drop to $5 a barrel it would take over a week for the prices at the pump to drop.

Gas stations have to pay for their fuel in advance so they have to raise their prices accordingly. However, they may not lower them accordingly depending on how the state regulates their pricing (some states only allow prices to change 1x in a given time period) or how much fuel they have on hand. That is why you'll see a variety at gas stations that are even in close competition, not to mention the most relevant factor which is futures, gas stations get the information every morning from their supplier(s) on what the future market did the night before. And then there's Citgo.]]>205944

2008-02-19T19:09:54+01:002008-02-19T19:09:54+01:00205942

« dollyllama:Yes and no. Oil shot up over $100 a barrel that day but closed under. This time it closed at over $100. There's been a $.13/gal rise i...]]>

2008-02-19T19:03:40+01:002008-02-19T19:03:40+01:00« dollyllama:Yes and no. Oil shot up over $100 a barrel that day but closed under. This time it closed at over $100. There's been a $.13/gal rise in gas prices here since Friday and it's climbing.so i'm assuing that the closing price is the average price over any given day.]]>205941

2008-02-19T19:03:18+01:002008-02-19T19:03:18+01:00205927

2008-02-19T18:46:57+01:002008-02-19T18:46:57+01:00205905

« acemak : didn't this happen like 3-4 months ago. When they did more investigating they found out that it was just some broker who wanted to be the ...]]>

2008-02-19T18:10:29+01:002008-02-19T18:10:29+01:00« acemak : didn't this happen like 3-4 months ago. When they did more investigating they found out that it was just some broker who wanted to be the first person to buy a barrel of oil for $100Yes and no. Oil shot up over $100 a barrel that day but closed under. This time it closed at over $100. There's been a $.13/gal rise in gas prices here since Friday and it's climbing.]]>205895

2008-02-19T17:55:48+01:002008-02-19T17:55:48+01:00205867

2008-02-19T16:51:20+01:002008-02-19T16:51:20+01:00