Article

2018-05-11 Economy

Gas Price Tops $4 In California For First Time Since July 2014

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Posted by Besoeker 2018-05-11 00:00|| || Front Page|| [10 views ] Top

#1
What's worse, it's likely they'll rise further as $70 a barrel feeds through to gasoline at the pump - a process that typically takes a few weeks.

BS. We've been through this before. The price at the pump goes up as quickly as the market. It goes down weeks after a drop in the market.

Posted by P2kontheroad 2018-05-11 06:55|| 2018-05-11 06:55|| Front Page Top

#2 BS.We've been through this before. The price at the pump goes up as quickly as the market. It goes down weeks after a drop in the market.
Posted by P2kontheroad

It's a game. Higher prices paid for gas already in the distributor's ground tanks (purchased at the old wholesale price).

When the wholesale price goes down.... price lowering at the pump sometimes takes a bit longer.

Posted by Besoeker 2018-05-11 07:07|| 2018-05-11 07:07|| Front Page Top

#3 When do lefties start blaming Trump for the rise in gas prices?

Posted by Raj 2018-05-11 08:47|| 2018-05-11 08:47|| Front Page Top

#4 ...which can be counter posted with all their 'experts' saying high gas prices are good to reduce pollution an forced public transportation (for everyone else).

Posted by P2kontheroad 2018-05-11 10:07|| 2018-05-11 10:07|| Front Page Top

#5 Raj, they already have. It's because Trump ditched the Iran deal. I think it was DiFi that said so.

Posted by AlanC 2018-05-11 12:09|| 2018-05-11 12:09|| Front Page Top

#6 Well, that'll reduce the traffic.
/sarc

Posted by Skidmark 2018-05-11 12:41|| 2018-05-11 12:41|| Front Page Top

#7 “Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.” --Ronald Reagan
The oil industry is still moving... Despite the Left's best efforts.

Posted by magpie 2018-05-11 13:02|| 2018-05-11 13:02|| Front Page Top

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