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Old 08-27-2015, 07:54 AM   #3375
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I had heard that for my area also, but I figured it was just your basic price gouging during the summer tourist season.
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Old 08-27-2015, 08:05 AM   #3376
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Its refineries making up excuses to slow down their output to raise prices.
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Old 08-27-2015, 08:43 AM   #3377
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I think the excuses come when prices are raised for issues that don't affect local supplies. In today's market, refined gasoline is no longer universal. This means that if you live in a large metro area, your gasoline is refined locally due to EPA regs. These boutique blends can't be used by other markets. So for example the Exxon refinery shutdown in the Chicago area sent a $.25 per gallon spike in the St Louis area. Were we suddenly shifting our gas to Chicago? Nope. We have our own local refinery and the gas produced here doesn't meet Chicago EPA standards. Only if those standards are suspended, can gas blended for another market be used. So the price is jumped by the wholesalers but not due to our supply being compromised. With gas, the law of supply and demand is very blurred and in many cases is purely speculative and at the whim of the wholesaler.
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Old 08-27-2015, 08:50 AM   #3378
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$2.15 for diesel in Ozark, MO. Funny, the convenience store/gas station is on a major highway while another major chain convenience just a mile down the road was $2.35 which is more normal around here.

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Old 08-27-2015, 09:23 AM   #3379
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Old 08-27-2015, 09:35 AM   #3380
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$2.04 for regular at BP in High Point, NC earlier this week.
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Old 08-27-2015, 10:58 AM   #3381
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Originally Posted by jcanavera View Post
I think the excuses come when prices are raised for issues that don't affect local supplies. In today's market, refined gasoline is no longer universal. This means that if you live in a large metro area, your gasoline is refined locally due to EPA regs. These boutique blends can't be used by other markets. So for example the Exxon refinery shutdown in the Chicago area sent a $.25 per gallon spike in the St Louis area. Were we suddenly shifting our gas to Chicago? Nope. We have our own local refinery and the gas produced here doesn't meet Chicago EPA standards. Only if those standards are suspended, can gas blended for another market be used. So the price is jumped by the wholesalers but not due to our supply being compromised. With gas, the law of supply and demand is very blurred and in many cases is purely speculative and at the whim of the wholesaler.
http://www.nytimes.com/2015/08/14/bu...ices.html?_r=0
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Old 08-27-2015, 01:01 PM   #3382
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Yep, I said it was Exxon, but it was this one. It came back online this week. As it ends up the local refinery had a collapse of a cooling tower last night which has curtailed production. Price locally just jumped a nickel a gallon. Refinery reports that the will have a backup tower running in a day or two. No supply shortage due to stocks of refined fuel at all the depots being full along with good supplies at the refinery itself. Another example how volatile pricing can be.

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Old 08-27-2015, 05:36 PM   #3383
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Old 08-27-2015, 05:42 PM   #3384
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Old 08-31-2015, 02:56 AM   #3385
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Old 08-31-2015, 05:09 AM   #3386
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Old 08-31-2015, 07:55 AM   #3387
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Old 08-31-2015, 08:05 AM   #3388
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