geneva_convenienceMar 8

Apolitical

https://lemmy.ml/post/44194169

Show threaddependencyinjection

I’m into politics and it went up 9p per litre in the uk in a week.

Is that how the supply chain works that we have a weeks worth of oil at any time? Or did they raise the price sooner.

Mar 8 at 12:40pmWeb
Show threadCanonical_WarlockMar 8
They go up as soon as there is any excuse to raise them.
Show threadArcanepotatoMar 8

Is that how the supply chain works that we have a weeks worth of oil at any time? Or did they raise the price sooner.

10-14 days lag

ifamagazine.com/what-recent-developments-around-f…

Show threadteslekovaMar 8
Knowing about naked corporate greed being the source of 2/3rds of all inflation since 2020 is also politics. (The remaining third is due to input costs rising.)
Show threadIcePeeMar 8
This recent rise may also be due to the current US administration forgetting to stockpile petroleum before going to war.
Show threadnickiwestMar 8
They didn’t, though. The US government took over Argentina for a reason.
Show threadgeneva_convenienceMar 8
They go up as soon as there’s an excuse to raise them, and they don’t go down until there lower prices are actually market value. Welcome to the OPEC scam.
Show threadwaxMar 8
Businesses will seek to buy or reserve (futures trading) resources if there is a risk of supply chain issues or a price increase