How can premium Gas go for $0.50 More than regular unleaded---can anyone explain it other than...

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[ARCHIVED THREAD] - How can premium Gas go for $0.50 More than regular unleaded---can anyone explain it other than...

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

Posted: 9/1/2005 7:20:26 PM EDT

[#1]

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.

Posted: 9/1/2005 7:50:20 PM EDT

[#2]

Economics 101

Posted: 9/1/2005 9:53:19 PM EDT

[#3]

Quoted:
Economics 101

...And Accounting 101 (financial acc.).
'Last-In-First-Out'

Posted: 9/1/2005 10:00:40 PM EDT

[#4]

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

Posted: 9/1/2005 10:12:27 PM EDT

[#5]

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.

Posted: 9/1/2005 10:21:13 PM EDT

[#6]

are PA taxes like NY?
supposedly NY gas tax is a precentage, like normal sales tax, and not a set amount per gallon

Posted: 9/1/2005 10:29:41 PM EDT

[#7]

P.T. Barnum 101

Posted: 9/1/2005 10:32:54 PM EDT

[#8]

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.

[ARCHIVED THREAD] - How can premium Gas go for $0.50 More than regular unleaded---can anyone explain it other than...

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