Why haven't gas prices gone down?

As a side note..........there may not need to be an increase in refineries in the US. Gas consumption is steadily dropping even though there are more cars on the road. More efficient cars and EV's
 
50yr Street Mech said:
BIG OIL GREED. Plain and simple.
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Greed depends on which side of the deal you are on.
Fuel prices here in Silicon Valley are off the charts expensive, so I made a plan to do something about it. It's worked out better than I thought. I hate going to gas stations nowadays, but ya gotta do what ya gotta do. Sheesh...
 
Capt W said:
It also seems like a silly game in South Texas for the past few years. We have a Valero and a Murphy Express near our house (10 cents off with Walmart+ membership), and every few weeks it's the same thing. Sharp increase followed by an incremental decrease back to where it started. Filled up my van at Murphy for 2.43 yesterday (with 10 cent discount); today every station is 2.89.

The price will drop about a nickel per day until it's back around 2.50, then lather, rinse, repeat. I've fortunately got my timing down pat.
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Same location. Just yesterday I was running errands and I noticed gas prices went up 45 cents literally overnight. I found one Exxon station that was still only $2.55 so even though I had 1/2 a tank I topped off anyway, later that day it was right up with all the rest.

Like you said, it will take at least a week for the price to gradually drop back down, only to shoot up again instantly. I guess they call it a "cartel" for a reason!
 
Hall said:
As has been stated many times, these place's primary revenue (at least profit margin) isn't from fuel. It's from inside items - $2.50 bottles of soda, $4 bags of candy, $2/each donuts, and so on.
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I few of the convenience stores in my city seem to never have any receipts available at the pump, if you want one (not unusual if keeping an expense account) you have to go inside the store. I imagine they are hoping that "while you're here...".
 
I'm in the suburbs of Detroit. These are the prices near me at the moment.
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I feel that they have been hovering around this same point for quite a while. Less than $3 always.
 
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Gas prices are up here at least $.50 in the last few weeks. 2, maybe 3 refineries in Cali are looking to close due to ..... unfriendly conditions.

If that happens, gas prices are not going to be fun at all.
 
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