Oil prices crashing??????
Could have fooled me. Gas station prices have held steddy or gone up a little in the past few weeks.
Could it be they are “gouging” the public???
Most of what you pay at the pump is tax. And yes, it is “gouging the public.”
There will always be regional variations based on local factors, but I’m surprised to hear that ANYONE’s gas prices have gone up in the past week. Perhaps why the oil production hasn’t slipped is that the collapse in oil prices has been so sudden since the election of Balsonaro that the industry didn’t respond.
In the past week, the national average price of gas has fallen from $2.91 to $2.71, while the price of oil (I’m not sure which market GasBuddy bases its price on) has fallen from $75 to $62.
prices at the pump have dropped about 20 cents per gallon in my neck of the woods over the last few weeks ...
Gas station prices in VA and WV have dropped about $0.08/gal in the last week or two.
“Oil prices crashing??????
Could have fooled me.”
Have you bought gas this week? In my area the price per gallon is down .20 or more this week
Gas prices are affected by what tax is on each gallon and where you live. Some states charge 45-50 cents per gallon. Refiners are required to make different blends depending on the region of the country. If that blend is in short supply, up goes the price.
IF the frikking EPA would standardize on one blend for the whole country, we wouldn’t see such fluctuations.
Here in Oklahoma City say $2.15 at a Seven Eleven yesterday.
They were trying to foment discontent during the run-up to the election. Now that the blue ripple has died out, there is no longer any need.