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Porsche-O-Phile Porsche-O-Phile is offline
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Join Date: Feb 2004
Location: A Rock Surrounded by a Whole lot of Water
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My earlier point is that I'm willing to bet the price gouging is occurring at the wholesale level (refinery to local distributorship or local distributorship to stations) rather than at the level of the gas station. If I had to guess, I'd say the "fear factor" and natural speculative tendencies of the bidders who are bidding on refinery deliveries (not sure if these are futures per se or not, but I know they're bid on against competitors) are driving the prices up.

Part of this is legitimate supply/demand re-balancing though. Restrict supply, price goes up. However I think it's overstated in terms of the dollar amount and is being blown out of proportion, like it always is.

Keep buyin' them big dumb SUVs and pickups there bubba...
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Old 09-14-2008, 06:13 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #17 (permalink)