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10/20/2017 1:01:18 AM
9/22/2017 12:11:25 AM
Posted: 9/1/2005 7:18:03 PM EDT
Profiteering?

Normally, there is a $0.20 difference between Regular and Premium here.

Regular just jumped to $3.19, but Premium just went up to $3.69


The only way I can figure it is that they boost the price of premium sky high and then run out of "regular" gas.

As someone pointed out to me--the gas that is in the tanks, on the trucks, etc. should pre-date Katrina, why the sudden price increases?

AFARR
Link Posted: 9/1/2005 7:20:26 PM EDT
THe refineries only produce X% of permium, they have stopped producing X amount so they can produce diesel or low grade which is in higher demand or the ability to refine hightest has been damaged by the hurricane.
Link Posted: 9/1/2005 7:50:20 PM EDT
Economics 101
Link Posted: 9/1/2005 9:53:19 PM EDT
[Last Edit: 9/1/2005 9:54:09 PM EDT by Andreuha]

Originally Posted By Max_Mike:
Economics 101



...And Accounting 101 (financial acc.).
'Last-In-First-Out'
Link Posted: 9/1/2005 10:00:40 PM EDT
10 years ago regular was $.99 here and premium was $1.19. If regualr is $3.00 shouldn't premium still be 20% higher like it always has been ? That would put it at $3.60 if regular was $3.00. Seems normal to me Gotta go air up the tires on my bicycle, later
Link Posted: 9/1/2005 10:12:27 PM EDT
Try pricing 100 octane low lead for an airplane, 52 gallons at a time. Last week when I filled up it was at $3.40. I hate to think what it must be at now.
Link Posted: 9/1/2005 10:21:13 PM EDT
are PA taxes like NY?
supposedly NY gas tax is a precentage, like normal sales tax, and not a set amount per gallon
Link Posted: 9/1/2005 10:29:41 PM EDT
P.T. Barnum 101
Link Posted: 9/1/2005 10:32:54 PM EDT
Premium will be that. It takes more effort to refine it and when refining is the bottleneck, you can believe there will be greater differential.

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