Communications on the whole planet are almost instantaneous. Everyone from the oil well to the consumer will fill up on fuel if any event creates an expectation of a price increase. Think about the impact of all of the vehicles in a country going from an average of 3/8 of a tank of fuel to 3/4 of a tank. This can be cause of price spikes. Virtually no event will trigger a sudden price drop which could be as sharp as some price increases.
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