How does futures market affect gas prices?

  1. sholland10 profile image94
    sholland10posted 6 years ago

    How does futures market affect gas prices?

    Why does the oils future market impact the price of refined petroleum products already in distribution?

  2. Crude Oil Trader profile image60
    Crude Oil Traderposted 6 years ago

    Commodities are no different then.....running a retail business. And one of the biggest reasons for failure in retail type businesses is the lack of understanding of this one simple principle. You don't charge your customer or base your mark up on what you pay for a product.....you charge them based on what it cost to replace your inventory.

 
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