Submitted by USAFacts_Official t3_yl8yag in dataisbeautiful
Dark_Marmot t1_iv22pwv wrote
Reply to comment by tico_pico in What factors contribute to gas prices? [OC] by USAFacts_Official
OK biding some copy pasta here this document mainly outlines how oil is traded as a future but still on a daily basis per market guidelines and basically outlining how its really Hedging instead straight Speculation. OK fair, that is not quite why I asked. It's the argument that these market factors some how don't drive what the barrel price might be 6 months from now or the amount of buys and puts that are in place so investors are not losing their shirts. I think some here are just trying to dispell this perception that Presidents have a magic wand that any one can wave to have a $1 per gallon or more change instantly or in months. Even releasing 200M barrels into circulation has a mere change in cents.
tico_pico t1_iv24h7t wrote
Copy pasta? What are you talking about? Having a hard time even understanding what your response is trying to convey so I don't have a response to you.
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