Originally Posted By: mpersell
According to the trade press, Lubes and Greases, it will continue to go up until about February because the suppliers of base oil don't believe the downward trend of oil will last.
That's just silly...when oil goes up, the oil goes up. When it goes down, the oil goes UP? because suppliers don't believe the downward prices will last?
There are some collusion games being played here. This needs to be fixed. A barrel of oil has gone down 50 percent since its high and motor oil continues to go up. Yet, everyone in the industry says there is no gouging going on.
According to the trade press, Lubes and Greases, it will continue to go up until about February because the suppliers of base oil don't believe the downward trend of oil will last.
That's just silly...when oil goes up, the oil goes up. When it goes down, the oil goes UP? because suppliers don't believe the downward prices will last?
There are some collusion games being played here. This needs to be fixed. A barrel of oil has gone down 50 percent since its high and motor oil continues to go up. Yet, everyone in the industry says there is no gouging going on.