Originally Posted By: Dallas69
Will someone please explain to me why gas can jump 30 cents overnight but only drop a penny at a time.
It never drops 30 cents at once.
Refiners & distributors increase their prices a bit at a time. Retailers tend to hold the line because most of their competitors do this, they do not want to be the ones to increase the price while their competitors do not.
At some point in time the dam breaks, and they have to increase their price as the cost of the next delivery is too high to maintain a profit. On the way down, it is a gradual decrease as each retailer drops a bit to hopefully gain market share. No incentive to get all the area's business at a lower profit level.