It costs more in California because of California's air quality laws requiring a certain gasoline blend. Not many refineries make it, so prices are higher, and when one of those refineries slows or shuts down for maintenance, etc., prices climb fast.
In fact part of the reason for high gas prices is the state by state gasoline requirements forcing a need for refineries to produce many different fuel formulations. When one refinery goes off line the demand might not be able to be picked up by others because they may not be set up to produce that regions fuel.
.You can zoom in and see the prices in your area of the country in the following link:
USA National Gas Price Heat Map - GasBuddy.com
Taxes are taking a bigger chunk of the price than oil company profits, but the really painful part is the cost of regulatory compliance and the hundred or so boutique blends for different parts of the country.
With the Corporate Average Fuel Economy standards now set to almost 55mpg in 2025, expect fuel taxes to go up substantially at both the Federal and State level to make up for the loss of tax revenue. This will hit the lowest income earners the hardest, as they are unable to purchase the newer fuel efficient vehicles needed to get to and from work.
What comes next? Federally supplied vehicles for the poor? Gasoline Stamps for the needy?
$4 per gallon? How about $8-9 like we are paying here? :fly:
The era of cheap gas is long over with. Until Americans figure this out, and replace their monster trucks with fuel efficient cars, this will be tough on a lot of people.
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or keep on driving your
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The times, they are a changing.
With the Corporate Average Fuel Economy standards now set to almost 55mpg in 2025, expect fuel taxes to go up substantially at both the Federal and State level to make up for the loss of tax revenue. This will hit the lowest income earners the hardest, as they are unable to purchase the newer fuel efficient vehicles needed to get to and from work.
What comes next? Federally supplied vehicles for the poor? Gasoline Stamps for the needy?
That's a great idea.
There is a silver lining in higher oil prices.. It's alternative energy. We can make fuel out of poop for crying out loud.
That thing bears an uncanny resemblence to voting patterns. Want to pay more for gas? Move to a liberal state.
I'm thinking about investing into some of these.....plus I figures it can help with the Youth Obesity problem we have in this country. :2razz:
And before that they went down. Here in Minnesota they were slightly below $3 a gallon for a little bit. It's called the free market and supply and demand.
I know, a guy in my office rides year around 10+ miles till the snow just gets too deep. He makes fun of me a lot.
I just love how some Conservatives give the President magical powers when they criticize him.
Can someone please explain to me how Obama has control over a globally traded and priced commodity?
It costs more where the fuel blend standards differ. Oil costs more in dollars due to other than "free market" factors.
Why Are Gas Prices Going Up When Demand Is Going Down? – Feature – Car and Driver
Congratulations! You know jack about economics!
Fuel's demand is highly inelastic, so you can't sit there, shrug, and say "it's the free market and supply and demand" while appearing that you know what the hell you're talking about.
You think inelastcity confers immunity to basic market forces?
Virtually everything in that article is very much free market forces...
All we have to do is go back to the Bush administration.
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