Why is it that Oil is at $40 a barrel, gas is goinPosted By Rod Kaufman |
An oil watchdog group in California attributes our higher costs of gasoline to the fact that refiners manipulate their prices by shipping gas refined in our state to other states which artificially lowers the oil/gas inventories in California. The latter is a ruse which serves to decrease quantities of oil/gas so even a more limited demand will propel gasoline prices much higher. The refiners have a good thing going for themselves...Floyd Blue said:
I can not help but notice that gas prices are creeping up again. The price of oil is much lower than for the last 4 years and yet the price is about $2.35 a gallon again, when it was $1.50 a gallon with the price of oil even higher.
Seems to me we are still getting some kind of manipulation here.