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Message Subject Gasoline Goes up 1 dollar per gallon in 3 hours! Wait.. Oil is 53 a barrel and opec says go even lower on oil barrel price
Poster Handle Anonymous Coward
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Driving around southern California I was looking for Gas under 3.60 a gallon...

when to my amazement I saw Gas at some stations at 4.71 per Gallon!

I rushed back and still got Gas at 3.63 a Gallon and driving home saw.. 4.33---4.69..4.71~
Orange County wakes up to shock of $4.35 and climbing: Gas prices soar at independent stations
Orange County motorists blinked Friday and saw gas prices top $4 a gallon at some of their neighborhood gas stations.

At OC Gas on Grand Avenue in Santa Ana, prices shot up to $4.35 from $3.27 on Wednesday.

Frank Zamarripa of Santa Ana was shocked when he saw the prices. The 78-year-old’s daily drive involves shuttling his great-grandchildren around town.

“The price went up real bad. Whose fault is it? Let’s blame somebody,” he joked. “What can we do?”
[link to www.ocregister.com]
 Quoting: GodIsreal


People often make the mistake a barrel of oil as the ultimate price at their gas pump. In reality, it's not, even at a $100 a barrel, it's still pretty damn cheap. No, what rules are the people with the refineries and the industrial capacity to process all the crude oil. They're the ones ultimately determining the price and the government adding their little sprinkle to it too. A lot of oil producers are not able to do anything with the oil other than to sell to the extremely small choice of people who have these refineries.
 
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