Once again the fact remains it takes weeks to fully refine oil.....Looks like those judging others saying "guess economics isnt your strong suit" type of thing just bit themselves in the ass. Yes supply and demand do exist however it doesnt occur in any economic tableau in under 30 mins except with gas or stocks(stocks are the only one who have a reason for raising price as well within those 30 mins, You can't anticipate demand and raise prices before you've even refined the barrels from last week, it takes time........)Amazing how Oil companies continually whine they dont make enough but record record profits every year along with many insurance agencies which claim the same....Tax breaks for those suffering Oil companies is definitely long overdue (thats sarcasm for the slow).

But im sure I'll get the comeback , there's a real shortage now thats why the prices are up, unfortunately gas stations have ALREADY paid for that gas so they're gouging you and then the oil companies expecting growth of demand up the price to the dealer. Thats the definition of gouging not supply and demand , supply and demand would be slowly over time. A steady hard climb should only decrease the supply and not increase the price as the manufacturing process still costs the same. If the former was true certain fast foods would be worth 30$ a shot....Look at consumption rates yet prices only steadily increase slowly over time despite peaks and bumps in the road. It's a simplistic model but its the basis for our economic system (despite the slowly growing gap between min wage and the cost of living ).