I read that as finished product, ready to be sold. The article seems to verify that. Then a funny thing happens (not!).
Then they start talking about special blends, taxes, and other price driving factors.
Folks, we're talking about the value of already refined product waiting to be sold. It's 60 cents less than it was. It's value has dropped, and yet the pump price has barely changed.
I've address this before. The California driver is getting screwed. This makes me angry.
Yeah, and we in Reno get their gas. Despiite the record low oil prices, gas barely got below 3 bucks in most places. Even Fernley 30 miles east is generally 50 cents cheaper. I travel extensively and am sick of seeing most states in the US with gas prices half that of Reno. FU California
“The refiners are essentially pumping up the street price because they have a lock over the retail gasoline market. With the prices the weakest in the country, it can’t be those laws. It has to be the pricing behavior,” said Jamie Court of Consumer Watchdog, a non-profit advocacy group in Santa Monica.”
Who are you angry at? Kaliporna has just about regulated gasoline production and distribution out of existence and then they add $1.00 worth the fees, taxes, carbon credits, and sales tax.
They have caused consolidation of retail gas into the hands of a few refiners who own their own distribution and who dumb enough to do business in California.
So hopefully your anger is directed at governemnt.