Not that I'm complaining, but why have gas prices dropped so dramatically in recent weeks? I understand how they rose so high-- chaos in the Middle East disrupted the oil supply and hurricanes destroyed some processing capability in the US-- but I'm seeing close to $1.80 a gallon now when I thought I'd never see under $3 again. Forgive me for my ignorance, but I feel like I missed something.
posted by Faint of Butt
on Nov 25, 2008 -
Gas (petrol) question: We've had discussions in the blue about regional price differences for gasoline. But why do different gas stations in the same market region come so close to each other on price? Are the markets for the raw oil and the refining so limited that they all end up with the same cost? I find that hard to believe. Also, is there any difference, in real terms, between gasoline from one vendor versus gas from another?
posted by yesster
on Jul 20, 2004 -