WOT ....What the heck is going on, with gas prices Options

[GaroldShaffer]

I just dont get it. Yesterday at 11 am regular unleaded was running $1.68. Went pass this station again around 5:30pm last night and it was $1.89.
Just went to the post office and its now $1.82 WTF.

I just don't get it, how can gas jump 21 cents in a afternoon then the next day start creeping back down. I sure would not want to be the one doing the book keeping (IMG:style_emoticons/default/wacko.gif)

Are prices jumping like this by you?

- G

I'm not complaining. I know its not going to get any better.

This post has been edited by itsa914: Mar 26 2004, 01:35 PM

[eeyore]

Here's my theory on the gas prices in California:

The gubmint has caused a situation that fostered a monopoly. I don't know if its still the case, but a few years ago, CA required different seasonal blends for winter and summer. Now they require a 'cleaner' blend than every other state in the union. There's also the environmental issues that probably fosters the decrease of refining capacity in the state. Now, I don't suppose too many refiners were willing to take the overhead hit of switching production every 6 months. How many had the capacity to switch to producing the CA-only 'cleaner' blend, especially in the post-MTBE world? The result is only a few (evil big business!) refiners could afford the overhead of producing gasoline for CA. The refiners may be gouging CA consumers, or they could simply be trying to recoup the overhead expense of dancing the oft-changing tunes played by CARB.