i guess gouging might not be the right word... lets just say it can be made understandable to the general public as to why he would raise it to $1.35 as his profit is the same but not be as understanding if he just arbitrarily hiked it another dime. i was merely explaining why gas goes up so fast and down slow, not about how of much a hike an owner thinks he can get away with.Fair enough. My observation here in Canada is that gas prices go up in stages. In fact I have seen gas stay the same as oil moved from 50 to 60, then a month later gas jumped 20 cents in price. Lately gas prices have fallen while oil stabilized in the low 60 range. Gas at the pump is related to gas futures, not oil prices.
(Though of course oil prices are the largest factor that moves gas futures, but not the only factor)
Gas has fallen lately as the seasonal summer demand is over. Heating oil is another story, and it appears North America will get a cold winter. Gas prices rise every summer I believe – I just think consumers forget that that’s the case.