Posted on 04/08/2019 5:25:45 PM PDT by John W
A consortium of oil-producing countries has taken more than a million barrels a day off the market — and that’s the least of the problems plaguing American gasoline prices.
Across the U.S., regular gas averaged $2.77 a gallon, up 7 cents on the week and 29 cents on the month, according to GasBuddy. Last year, gas prices topped out at $2.98 at the outset of Memorial Day weekend.
Oil prices are climbing, but that only accounts for about one-quarter of the recently higher gas prices American drivers have been facing. A bigger issue is that this is around the time of year when many oil refineries plan maintenance as they make their annual switch to summer-blend fuels.
This year, unexpected issues took a higher number of refineries offline, squeezing supplies. “This laundry list of refinery issues, both planned and unplanned, is having a dramatic impact on prices,” GasBuddy head of petroleum analysis Patrick DeHaan said. “It’s almost inevitable every year that there will be a refinery issue.”
(Excerpt) Read more at nbcnews.com ...
Those are always the independent variables which we're told force prices up.
The American public is USUALLY only interested in the PRICE at the PUMP.
More often than not price at the pump is set by "supply & demand" and fluctuate constantly 10 to 20 cents per gallon based on crude prices and refining costs.
Strangely, ALL of those prices would collapse if TRUMP were to release next week 3 to 5 million barrels from U.S. reserves onto the American market.
Those are always the independent variables which we’re told force prices up.
$2.77 regular yesterday in SO.VT
Down on the MS Gulf Coast, it’s been around $2.35 for a while...got hi-test at the base for about $2.70 last week.
I don’t care. I can’t afford it. 3 bucks here and we both drive 18+ miles to work daily.
It’s one more lie we were told. Remember when they told us pay tv would have no commercials?
Boy, that one got buried.
It’s coming up on summer vacation travel season. Just like every year, this COMMODITY MARKET of supply and demand reacts to the demand.
$2.89 here, fifty cents of which is being skimmed by the Commonwealth of Pennsylvania.
It is up about 20 cents in the past couple of weeks.
I presumed that had to do with the stupid EPA seasonal fuel switchover.
Tolerance Sucks Rocks wrote:
They should get rid of the “summer blend” fuels once and for all.
But, then the environment would kill us all!
(do I have to /sarc?)
Costco Southcenter, $3.09.
#24 It is taxpartisan. They are immune as they get free cars and insurance and gas and in too many times they get a driver too.
Most of the increase in gas prices, year to year, are the result of increasing state taxes. PA used to sell affordable gasoline, until about 2 years ago when their RINO governor colluded with idiot democrats to add about 40 cents a gallon in new state gas taxes. ME,via our new idiot democrat governor Janet “It’s Trump’s fault” Mills and her foolish Dem cohorts in the state legislature are now seeking to do the same. May they all rot in hell.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.