Two weeks ago I bought regular unleaded for $3.69 a gallon at a station in Mission Viejo. Today that price is $3.89. What gives? I don't see anything in the news to justify the increase.
Hurricane Irene didn't do it because oil production facilities were relatively unaffected, and if anything demand in the Northeast has been reduced.
If somebody has a link to a story explaining all this I'd like to see it. The media has been absolutely silent on it.
Sent via HolyCoast.com mobile.
Hurricane Irene didn't do it because oil production facilities were relatively unaffected, and if anything demand in the Northeast has been reduced.
If somebody has a link to a story explaining all this I'd like to see it. The media has been absolutely silent on it.
Sent via HolyCoast.com mobile.
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1 comment:
Here is a possible explanation:
http://www.businessweek.com/ap/financialnews/D9PEGKB02.htm
"The storm forced several refineries and petroleum terminals to reduce production or shut down altogether. The East Coast may deal with lower fuel supplies in coming weeks, and traders are betting oil and gasoline prices will rise."
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