[Fitzcarraldo]

We're being told in California that the high gas prices are because two refineries that make the special California gasoline are down for maintanence. I assume when these come back on line, the prices will come down.

[chuckwalla]

I wouldn't count on that.
If only two are down why is all gas up?
Why are the other refineries raising prices the same?

[RayChuang88]

I've heard that, too. I expect the price to come down because the price has reached a point where sales will actually start falling as people drive less. The refineries should complete their conversion within the next 14 days and I expect by late March 2004 the price of gasoline to drop as much as 25 to 30 cents per gallon.

Personally, I think the best solution is for Bush to announce that the entire USA will use one formula for gasoline and diesel fuel. That way, gasoline can be shipped anywhere in the USA to relieve spot shortages easily.

[goodnesswins]

Someone here smarter than me (or at least with a memory for these facts) might want to cite the fact that we have not added enough refineries to our inventory in order to MAKE gasoline more available here in the U.S......it's not the oil....it's the refining (and lack of) that is causing this upswing in prices....right?