Posted on May 28, 2018
SCPO Investigator
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I've always had a tough time NOT thinking that higher fuel prices are either gouging or collusion or both. We all scream at the pumps, but nothing changes. Whom can we blame?

https://www.factcheck.org/2018/05/whos-to-blame-for-higher-gas-prices/
Posted in these groups: Oil logo OilOil and gas greyorange Oil and EnergyTransportation you logo Transportation
Edited 6 y ago
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SPC Mark Stevens
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Fuel prices in Europe were around $2.50 a gallon back in the early '90s when I was there, I can only imagine how high they are now. Prices are a combination of what the market costs currently are, speculation on future availability, and what the fuel corps think they can get away with making you pay. Taxes and other adds happen after those three big ones fix the general price.
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I've come to learn that it is almost entirely about 75 US-based oil analysts who lie between the pumps and the oil in the ground. It ain't OPEC, who most of us blame.
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LTC Self Employed
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Not discussed here is California's formulation for gasoline and California having the only state to have a carbon tax. Yes, Democrats are responsible as well! Take a look at Canada, the price of gasoline as of today is a dollar 27 a liter or $5 a gallon and if you take into consideration exchange rate it's about 4:20 a gallon and Rising thanks to summer season, increased yearly carbon taxes being put on by liberals in Canada. Wheels have instability and Venezuela base we having lestoil to sell, lower inventories and expected and OPEC purposely with Russia trying to Corner the market to raise prices. OPEC and Russia don't have to deal with carbon taxes or regulation either!
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