This Sucks! i’m paying $4.25 for 89. Kalifornia…

^^^^ Because they can! Drove by my old Sheetz station yesterday .... busy as ever (a really high volume station) with cars waiting.... still at 3.49 for reg.... across the street it was .20 less. For years it was always .10 more.
Checked GB ... every Sheetz in this area is at 3.49 .... .20-.25 higher than stations they used to undercut by that amount. What Sheetz did with pricing prem less than reg a few weeks back, and now becoming a "high cost" leader is just confusing to me .... never seen anything like it .... ever. Their new business model I reckon .... should change the name to "Gouge 'N Go" :(

Every Exxon station in this area is 15-20 cents high than everyone else. Has always been that way. We have one here in Lakewood that is 35 cents high than the Gulf across the corner, yet they are always packed with cars. Same with the others mentioned.

.

Obviously stations vary in their prices based upon locations, business models, etc. It's just that Sheetz's pricing and patterns have radically changed this past year from how they have always operated. Mid/Prem priced less than regular .... unheard of .... ever ... by anyone. .50 overnight hikes when oil hasn't budged. The delta between Sheetz stations just a few miles apart was normal for years .... now they are all the same price and highest around... not the lowest ....

Cha-ching!

I did read read where Sheetz was dropping their price on diesel by .50 during Jan. because prices were so high tho' ....

.....all the way to the bank :(

Sheetz has gone from 2.64 to 3.49 in just a few weeks .... oil hasn't moved that much.

Because they can ...

Good Grief...just back from paying $4.45/prem. :eek:
Reg was priced at $3.44

$3.04 for 87 at Sams today.

Well...it's approx 200 miles for me to travel to Indian country to buy gas at 40 cents less per gallon.
I get 40 mpg....so...I'm not really sure if it is worth the drive??

I'll have to do some cyphering.:)
(Do they do any trading down there?)

Never did any trading for fuel but if you bring cash you need to hurry. Gas prices are going up every day.

Back up 20 cents past two days...

.:mad:.
.

Big oil (the top 5) will post smashing record setting profits totalling 190 Billion for 2022 .... and it has also flowed downward and enriched the boyz at Sheetz, etc.

Manipulation, gouging, and just because they can imo.

Of course the price of oil had some bearing on retail gas prices ... but follow the $$$ :(.

2023 is off to another great start for their bottom lines also....

Price in the Baltimore metro area,50cts up since the first of the the year. $3.59!

Regular at my former Sheetz was 2.64 on Christmas Day, .... 2.99 on my very last visit there on New Year's Day ... and then spiked to 3.49 and hasn't budged .... .30 higher than the stations it used to undercut by .20.

Their prem is at 4.09 .... and to give customers a break on Diesel, Sheetz cut their prices in Jan. (only for the month) by .50 ... it's @ 4.12 and they are NOT selling it at a loss .... you can bet on that.

Cha-ching!

$4.29 for regular at Costco.

^^^^ and oil is below $80.

'$plain it to me Lucy :(.....

China economy starting to come back on line.
Refineries still down.
Refineries beginning to shutdown for annual maintenance that has been skipped over the last couple of years.
Strategic reserve sales stopped added up to 40 cents.
https://thehill.com/policy/energy-environment/3830365-gasoline-prices-jump-up-again-after-declines/

1/25/2023
The price increase has been largely attributed to increased demand for oil, in light of China reopening its economy after years-long, strict pandemic controls.

The International Energy Agency recently said that the country’s lifted restrictions were expected to fuel record oil demand.

De Haan said that China’s move was “rather unexpected” and that it will “likely have a profound impact on oil consumption.”

Domestically, the country’s refining capacity dropped off after a winter storm hit large parts of the country last month – playing a major role in the price.

“We had a pre-Christmas freeze throughout the country that knocked out a lot of refining capacity,” said Andrew Lipow, president of Lipow Oil Associates.

He noted that at a certain point, more than 20 percent of the country’s ability to refine oil went offline, “which means that we couldn’t make gasoline and diesel fuel … at a time of year when we would expect inventories to build.”

While only about 15 percent was offline as of mid-January, refineries are also expected to begin seasonal maintenance, which could take more offline, the analysts said.

Lipow predicted that in the next few weeks, prices could rise about 5 to 10 cents per gallon, and could go even higher in the spring and summer driving season.

Good news on the refinery front...

https://www.reuters.com/business/energy/exxon-prepares-start-up-12-bln-texas-oil-refinery-expansion-sources-2023-01-13/

Jan 13 (Reuters) - Exxon Mobil Corp (XOM.N) in coming days will sharply boost gasoline and diesel production at its Beaumont, Texas, refinery, people familiar with the matter said, completing a $2 billion expansion first considered nine years ago.

Initial startup of a 250,000 barrels per day (bpd) crude distillation unit (CDU) at the 369,000 bpd refinery is expected by Jan. 31, the sources said, making the Beaumont refinery the second largest in the United States.

It is the first major expansion to U.S. oil processing in nearly a decade, adding the equivalent of a mid-sized refinery,

And...

https://www.okenergytoday.com/2022/10/proposed-new-crude-oil-refinery-considered-at-cushing/

Already the home of the well-known Cushing Hub, the city of Cushing is in the running for a proposed $5.5 billion crude oil refinery planned by Prairie Energy Partners, a wholly owned Texas company of Southern Rock Energy Partners.

The other possible site for the project, one that is close to being decided, is in Victoria County, Texas. Whoever wins the site will see a refinery with permanent employment of 423 workers.

Once the decision is made on the site selection, construction is expected to begin in 2023 with commercial operations to start in 2025. Whether the choice is Cushing or Victoria, Texas, the local community will see an estimated economic benefit of $3 billion during construction and $150 million a year once the refinery is in operation.

“By processing the light, shale crudes, the refinery design reduces capital and operating expenses, water consumption, the real estate footprint, and mostly importantly eliminates emissions including carbon dioxide, nitrogen oxide, and sulfur oxide.”

The refinery complex will reduce and eliminate 95 percent of greenhouse gas emissions (carbon dioxide, carbon monoxide, methane, nitrogen oxide, and sulfur oxide); and reduce water production and consumption by 90 percent, with 80 percent further recycled and repurposed.

It will also use a reduced footprint of only 400 acres while still producing approximately 91.25 million barrels, or 3.8325 billion gallons, annually of cleaner transportation fuels, including gasoline, diesel and jet fuel from crudes sourced domestically from the Eagle Ford, Permian, DJ and Bakken Basins.

While most refineries consume natural gas in the process heating units, this proposed facility would instead combine pure oxygen with “blue” hydrogen (produced from refining off-gases) and “green” hydrogen (from electrolysis), with steam being the primary waste stream according to the company announcement.

Thanks SOL ... is the "jist" of all of this refinery related stuff supposed to mean that gas at the pump doesn't track the price of oil anymore? Like it has for decades here.... and what the industry and retail stations have always maintained is that oil/bbl was the prime factor in gas prices.

Retail here .... I have several traditionally "high $$$" stations close to me .... their reg is at 3.49 as I drove by yesterday .... that seems to be the de facto price all of the stations are priced at (location doesn't matter... traditionally cheap or gougy stations .... most of them)... except a few that are .30 lower. I also noticed that Sam's club and another traditionally lower cost station haven't had their prices displayed lately..... on their signs or on GB .... they must be a$hamed of them :D

The divergence from historical patterns is what I notice the most ... I just don't use enough for it to matter to me .... just interesting observations imo.

Our Meijer gas station, was $3.54 this morning for reg.
It sure does go up fast.

$3.19 for 87 and $3.79 for 93 at Sams today. Circle S had 87 for $3.45 and 93 for $4.25.