General Discussion

Andy823

(11,555 posts)

6. $4.26 In central Washington where I live

Wed May 16, 2012, 03:45 PM

May 2012

Seems like out west we are getting screwed because the oil companies have shut down 4 refineries in California for maintenance, all at once, and a BP refinery in Washington state that was shut down earlier by a fire was not able to come back on line yet. One report I read said prices out west could stay over $4 a gallon till "after" the 4th of July. Earlier this year refineries were shut down back east raising prices. I guess the law of "supply and demand" is at work. The oil companies cut supplies and prices go because the oil companies "demand" higher profits!

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Oil Falls To 6-Month Low Near $92 On US Supplies Surge [View all] Purveyor May 2012 OP

The dollar has also been gaining strength which has a tendency to lower crude prices. badtoworse May 2012 #1

3.36 here, before the 4.50 crowd shows up ;) I owe a May 2012 #2

steady downward oil prices mnmoderatedem May 2012 #3

My prediction is the gas prices will remain extra high in swing states all year, mysteriously.n/t denverbill May 2012 #4

Anyone Recall The Media Hysteria When Prices Were Rising? And Blaming Obama? Yavin4 May 2012 #5

$4.26 In central Washington where I live Andy823 May 2012 #6

You're correct. While oil supplies were up this AM, Gasoline supplies were down. crazylikafox May 2012 #8

Yet gasoline is up 26 cents in the past 2 weeks in Southern California ArcticFox May 2012 #7

And it has dropped by about the same amount here in New England over the last month n/t rox63 May 2012 #9