04-05-2023, 09:10 PM
(This post was last modified: 04-06-2023, 02:32 AM by HereOnThePrimalEdge.)
Fill up your tanks, gas prices are going up, up, up. If the past is any indication, prices at the pump will increase long before higher priced gasoline reaches the storage tanks at Hilo harbor. For those of you who have defended the pricing structure of big oil as inherently fair, using actual production price per barrel as the basis for price charged at the pump, take your time, it takes months for OPEC oil to ship across oceans, get refined, shipped to Hilo, then delivered to island filling stations. Any increase between now and summer is probably due to other factors, right?
Expect to pay more at the pump if oil prices stay at current levels. Crude futures are trading about $5 higher per barrel after OPEC+ announced a surprise cut in production.
“As we know, with prices at the pump—they shoot up like a rocket but float lower like a feather. And so this is going to provide a bump at the pump essentially,” he added.
https://finance.yahoo.com/news/gas-price...32757.html
Expect to pay more at the pump if oil prices stay at current levels. Crude futures are trading about $5 higher per barrel after OPEC+ announced a surprise cut in production.
“As we know, with prices at the pump—they shoot up like a rocket but float lower like a feather. And so this is going to provide a bump at the pump essentially,” he added.
https://finance.yahoo.com/news/gas-price...32757.html