Michigan
Related: About this forumGas price B.S.
The price of oil is dropping like a boulder, but yet gas prices at a station I frequent in Royal Oak were 30 cents per gallon higher yesterday ($2.69) than they were Sunday ($2.39).
So I stopped for gas again yesterday, this time in Dearborn, and paid $2.35 per gallon -- and most prices in the Dearborn/Westland area seemed to be in the $2.35-$2.40 range.
Why the wild variations in the same metropolitan area? Something reeks.
louis-t
(23,297 posts)Pre cruisers are out. Greed.
marmar
(77,090 posts)Gouging time.
louis-t
(23,297 posts)Jeez.
JustABozoOnThisBus
(23,364 posts)I don't know why. Are there county taxes on gasoline?
I commuted from Wayne County to Oakland for years, and I always tried to fill up before leaving Wayne County.
safeinOhio
(32,714 posts)in north Ohio last night.
Big break down at an Ill. refinery, so they say.
Bought a house in Michigan and I'm moving back. Gas is always a little higher there. But it'll be nice to get back.
seamonkey58
(19 posts)See the article about a refinery in the Midwest going down for maintenance temporarily. Gas Buddy is a good source for analysis and news about oil and gasoline prices as well as looking up local prices.
According to the article, prices should resume their downward slide through the fall, though there can be temporary spikes along the way.
https://blog.gasbuddy.com/ " Great Lakes Gas Prices Expected to Rise on Unplanned Refining Issue
By coincidence, I also live in Royal Oak. I usually fill up at one of the stations at Crooks and 12 Mile. I find they're usually the cheapest in the Royal Oak area. I filled up this morning at $2.41.9/gal, which is the lowest it's been there in awhile. Based on the article above I expect to see a temporary spike in price over the week or so until that refinery comes back online, which is why I filled up rather than wait.
The thing to remember is that while they are certainly connected, gasoline and oil prices can fluctuate in opposite directions sometimes. Oil production (how much is pulled out of the ground) can be high, as it is now (a glut), putting downward pressure on prices, but gasoline distillation from that oil is a separate process and if that is reduced for some reason, gas prices can actually rise while oil prices fall, though the two generally coincide. Remember also that gasoline is not the only thing made from oil. Most plastics and many other products are derived from oil.
seamonkey58
(19 posts)It may screw up the decline of gas prices this fall: http://www.freep.com/story/money/business/michigan/2015/08/12/gas-prices-increase/31533529/
safeinOhio
(32,714 posts)"Speedway effect"
etherealtruth
(22,165 posts)MinM
(2,650 posts)and prices came down right away.
Even if Governor Snyder or AG/GOPvernor in waiting Bill Schuette ever expressed/feigned concern about this nobody would take it seriously .. especially the oil companies.