Economy 52,844 Posted August 14, 2015 Share Posted August 14, 2015 http://www.wsj.com/articles/oil-prices-slide-to-6-year-low-1439524809 in some areas of the US gasoline prices have surged above $5/gallon even as oil hovers at $43/barrel Many refineries have shut down resulting in a lot less production of gasoline even though oil prices are at 6 year lows Many refinaries globaly have neglected maintnance to produce as much as possible as low oil prices but no oversupply of gasoline and diesel have given refiners an all time high profit margin... As a result some refinaries have run into problems for neglegence. Others are offline for other reasons such as a major pipeline shut off mear Chicago that sends oil to one of the main hubs. Link to post Share on other sites More sharing options...
Melech 9,900 Posted August 14, 2015 Share Posted August 14, 2015 Come to Europe and you see what is really expensive Link to post Share on other sites More sharing options...
Morphine Prince 109,655 Posted August 14, 2015 Share Posted August 14, 2015 Where the hell is this? Gas is $2.40 where I live. Link to post Share on other sites More sharing options...
Economy 52,844 Posted August 14, 2015 Author Share Posted August 14, 2015 Where the hell is this? Gas is $2.40 where I live. Parts of California and apparently Chicago Link to post Share on other sites More sharing options...
MANiDONTCURE 30 Posted August 14, 2015 Share Posted August 14, 2015 Dang that sucks, gas is already $3.80 where I live, and it'll probably just go higher. Link to post Share on other sites More sharing options...
CaliLilMonster 476 Posted August 14, 2015 Share Posted August 14, 2015 2.90-3.10 where I live. Link to post Share on other sites More sharing options...
Redstreak 6,653 Posted August 14, 2015 Share Posted August 14, 2015 Mine is like $2.10 Take a moment to think of just flexibility, love, and trust~ Link to post Share on other sites More sharing options...
Pablo 8,581 Posted August 14, 2015 Share Posted August 14, 2015 Parts of California and apparently Chicagoyep, an Indiana refinery shutdown. It's only $3.00 here but that's a huge raise from $2.30 in the past few weeks. http://www.freep.com/story/money/business/michigan/2015/08/12/gas-prices-increase/31533529/ Don't visit my profile Link to post Share on other sites More sharing options...
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