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 ...
Reno is headed there rapidly. Gone up a buck in the last few weeks to $3.49/gal. Why? No clue.
Vermin trying to take out Trump.
not a word about tax increases which I think were quite substantial in some states?
Canada went skyrocketing up as well (just in time to add to the greenhouse gases tax that Canada stuck on each litre of petrol.) Of course, people are blaming the folks who make the least profit off of each fuel sale: the oil companies.
You take a few minutes and explain the average profits the station, transporter, refiner, and oil provider take vs the three to four times that number (or more in California when you add in the underground tank taxes...) and it gets through their thick skull that the one who’s profiting (and subject to their vote) is their government.
$2.30/gal. in upstate SC today.
Had no idea that it went up a dollar in Reno, Texas.
The price of petrol is shocking in Australia. But, in our case, it never went down. It is just going from high to higher.
2.29 in Mandeville Louisiana today.
...ping....
TNX Rb.
There is only one! LOL! Pretty sure it’s less costly in Reno, TX than in Reno, NV.
And what of the “no/zero emission” vehicles? (except lubes, tires, faux leather, production process, transportation methods, etc., etc., etc.)
$2.98 Poconos in PA.
$2.49 in Geneva, Alabama. I think that is one of the highest in the state. I still get mine there as Florida is even higher.
Here I go again showing my ignorance so I’ll depend on some of you to ‘splain to me.......I thought if we produced our own oil and refined our own oil, gas prices in the US would go down.....where am I going wrong?
The new Dem Governor is trying to add a 20 cents/gallon gas tax.
Because they're not siphoning off enough money "for the roads" (as if!) anyway.
I thought we were building more refineries.
And then you have the electric cars.
If it reaches $4, I think it will be short lived.
I thought we were building more refineries.
And then you have the electric cars.
If it reaches $4, I think it will be short lived.
Here in the SF Bay Area, $4/gallon gas is normal. Right now, slightly under that. We have refineries here, but are required to mix lots of ethanol into the gasoline. Always high cost, never seems to go down compared to the rest of the country (price gouging).
Oil is fungible...it doesn’t really matter where it is produced. If a million barrels of oil go offline, it affects the price everywhere.
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.