Surplus Gasoline: "No one wants it."
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Refineries are raising gas prices even though there is a surplus of gasoline. As one market watcher said. "No one wants it." Get the full story. |
Gas Hogwash: "It is all about Supply and Demand."
On August 9 the lead story in the Union Tribune Business Section was about high gas and oil prices. The story closed with a quote from me that said " ... the problem is the low supply of surplus gasoline, which drives up prices." But don't think for a moment that supply and demand are responsible for oil prices. There is more to the story.
Gas prices - $3 barrier about to be crossed

Friday June 5, 6PM - Gas prices have surged by 3.6 cents in the last 24 hours, and have risen at a rate of nearly a penny every 12 hours for the last 30 days. The current average price is $2.91 MORE.
GASOLINE: This weekend will be a "Tank-Spanker," predicts UCAN
UCAN predicts a gasoline price surge in North County of one penny every 12 hours. FULL STORY
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