re: #892 Hard Right

$1.92 here in AZ. Last I heard all storage facilities were full of oil and tanker ships were being rented to store the surplus oil. WTF indeed.

It is a complex set of factors that determine the price of gasoline in a local market. There is, of course, the cost of the oil. Then, the transportation of that oil, then the refining, etc. Most markets in the USA have a different type of fuel depending on the season, as well. So, sometimes the supply of a certain kind of fuel is low or high depending on the refineries capabilities. And, you can add in local competition (or lack thereof) that also sets the price.

I can understand all of that, as can most people. BUT, even when we get this explanation, it still boils down to the oil and gasoline companies wanting more $$$$$. If some guy spills a quart of oil while changing the oil in his car, the market rumbles and the price goes up. If Israel attacks the Hamasholes, the price goes up. If the Grand Sultan of Araby farts, the price goes up. Right now, the price per barrel does not reflect what we are seeing at the pump. It is hovering around $40 a barrel now, it was $10 higher a month ago, so, why is the price at the pump going UP? I can think of only one thing -GREED.

I am not an expert in this field by any means, perhaps someone here understands this mystery better than I and can explain it to all of us?