Originally Posted by eribrav

You Sir are correct.

You've all forgotten about the futures market as well which allows rational price discovery for commodities for future delivery. I'm not sure how many service station owners trade futures to help manage their risk. I do know that essentially all oil and gas producers do. The owner can look forward at any given time and see what future pricing is, and decide if he wants to buy that future production at the offered price. Forget about the idea of paying for the gas as it goes into the storage tank.........that could have been bought and paid for months ago.