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Old 10-08-2012, 08:50 PM   #141
evolved
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Pretty interesting chart.....just from a 10 second look at the trends, either the PPB should be going up, or the price at the pump should go down.


(This is in no way scientific, I was just curious as to the PPB vs. average price at the pump)
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Old 10-09-2012, 01:37 AM   #142
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Originally Posted by mdyaman View Post
surprised no one has mentioned the news

Quote:
The dramatic surge came because of a power outage Monday at a Southern California refinery reduced supply in an already fragile and volatile market, analysts said, but the refinery came back online Friday and prices were expected to stabilize by next week.

Patrick DeHaan, senior petroleum analyst at GasBuddy.com, predicted the average price could peak as high as $4.85.

"There is some relief in sight but probably not for a couple of days. Early next week is when we may see some more significant declines ... but at retail prices, prices may climb for the next two to three days before they start to come down," he said.
http://www.wrcbtv.com/story/19751983...fall-next-week
Quoted for truth. Blame SoCal Edison.
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Old 10-09-2012, 02:03 AM   #143
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Originally Posted by Lair View Post
How does it feel to be screwed by big oil?

Notice that it's just California, and it's happening immediately in front of an election between an incumbent Democrat and a weak Republican challenger?

What a coincidence!
"Two factors allow the price in California to spike much higher than the rest of the country. First, a different blend is required to meet California air quality standards. Second, there is little pipeline capacity (blue lines on graph below) to bring in refined product from elsewhere."

http://www.econbrowser.com/archives/...ornia_gas.html
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Old 10-09-2012, 08:02 AM   #144
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In Belgium we pay about 1,8 Euro's for 1 litre of '95 now
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