Quote:
Originally Posted by KC911
It's being dictated by profits, and politics imo, but not Fint's version.
Because they can ... and have a convenient scapegoat to blame? Who really knows... follow the $$$.
At my goto station recently, it was 3.07 (usually a low cost leader here), and then jumped to 3.49 overnight.... where ALL the local stations seemed to top out. It's slowly dropped to 3.38 at mine. There is usually a .25 delta between Sheetz stations here depending upon location, and all paying the same price... out of the same tankers.
The prices posted in CA are obscene... sure they have different blends and taxes.... about .85 per gallon give or take.
The rest of the CA delta is in pure profits.... and Biden .... He must like us better tho' 
$$$$ .... |
The issue is climate goals vs. energy security. The energy producers have been un-nerved by the new domestic climate/energy policies, including the cancellation of approved permits for the Keystone XL pipeline, new prohibitions on future leasing of federal lands for gas and oil exploration, new methane taxes, etc. Add to that the Russians starting a war in Ukraine and global oil and gas prices have been destabilized. Also CA has limited refinery resources (nothing new) and some major US refineries are undergoing maintenance and not producing. Also, the shareholders of these oil and gas companies are not happy with the performance of the companies, dividends or share prices, leading to further reductions in exploration and development to pay out better to shareholders. Now inflation is jamming everyone and gasoline demand is falling because people can't afford it and have modified their behavior leading to recent lower prices but no change in the reasons for the mess we now find ourselves in.
So, climate goals are clearly affecting energy security and as this is now getting codified into Federal law, will continue. Good luck!