Bay Area gas prices skyrocket in past month
Original post made on Mar 15, 2012
Read the full story here Web Link posted Thursday, March 15, 2012, 11:25 AM
on Mar 15, 2012 at 1:09 pm
No one is talking about the oil companies exporting gas to Europe, where they get more for their products. And locally, they charge what the traffic will bear. The local Shell outlet is always $0.18 and up to $0.30 higher than the Arco stations on Woodside Road, and even the Shell stations there are 10+ cents less than Ladera.
Between the speculation (30% of the futures market) and the local pricing, they are making out well, as usual.
on Mar 15, 2012 at 9:41 pm
Oil is being shipped from the Bay Area to Mexico, South America, and Asia. Drill baby drill is just increasing exports and oil company profits.