The four stations I drove by this evening had lines around the block. Prices were still at 3.45.
Actually, it isn’t Ike’s fault.
Gasoline has been going up around here for the past week, at the same time that crude oil has been falling. last I saw today, it was close to $100 per barrel...
Yet the price of the refined product continues to go up. And you can be certain that if oil prices spike up at all, that those prices at the pump will jump nearly simultaneously...