One other aspect of Big Oil gouging consumers is the "immediate" price increases seen at the pump when oil and gasoline futures prices go up. Seeing as how it takes over 3 weeks for processing and delivery through pipelines to storage facilities to final gas stations, Big Oil is price-gouging on oil it actually bought 3-4 weeks ago!
One other aspect of Big Oil gouging consumers is the "immediate" price increases seen at the pump when oil and gasoline futures prices go up. Seeing as how it takes over 3 weeks for processing and delivery through pipelines to storage facilities to final gas stations, Big Oil is price-gouging on oil it actually bought 3-4 weeks ago!
The Spot Oil market, which no other industry has, is at fault there