You would think that's the way it was, but back in 04/05 when copper was going up fast, the supply houses were following wire prices up faster than HD was. I remember complaining to the supply house that my customers could go buy 12 and 10 stranded THWN cheaper than I paid them for it.
Gas stations also figured out that they have no choice but to sell inventory at a loss when prices are falling so when prices are going up they need to increase the prices on their inventory and make more on the way up so they can take the loss on the way down.
What they (or anyone) pay for future product has nothing to do with the profit they just made on existing stock. The profit on the future stock would be dependent on them selling the new product at a profit the same ratio as the old. Say the new cost them $50 and they sell it for $100, they would make the same profit as before but with different numbers.
Here in NJ, gas stations aren't allowed to change their prices more than once per day. IIRC, when they raise prices, they have to change the billboard signs first, then change the pumps. I think the pumps have to be done one at a time. When they lower prices, they have to change the pumps first, then do the billboard signs.
What about Chicago where it is sort of not used?NM, in one month central IL, 122, then 155, then 180 per 250ft roll...
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They sell AC and MC cable in IL. I'm sure that went up as well
I don't think as much as NM did though. Think NM is close to same price as MC in many places. Think it is the plastic sheath that is driving NM even higher than other copper products.
Currently my price on 12/2 MC from Platt is $0.68/ft where as 12/2 NM is $0.89/ft.
There is a shortage of MC cable now too.
I just bought MC 12-2 today, the price was .59 ft or $147.50 per 250'
