why gas prices going up?

[donpilot]

Jumped to 2.99 here.

2.65 in mt washington, 2.53 in lebanon junction. Comes out of the same pipeline.

[Buccaneer]

For Christ’s sake people crude oil, WTI and Brent, are traded commodities and prompt month values settle every day until the final monthly closing date for each is settled. Daily swings drive crude derivatives (gasoline and cracked chemicals) pricing which is what affects your price at the pump. Commodities traders drive your gas price, not “big oil”. It is market forces, not profiteering, driving pricing at the producer level. Now with that said pricing at the retail level is another story.

[g-string]

Hurricane, a holes do it every time.

[Nova Kaw 650]

For Christ’s sake people crude oil, WTI and Brent, are traded commodities and prompt month values settle every day until the final monthly closing date for each is settled. Daily swings drive crude derivatives (gasoline and cracked chemicals) pricing which is what affects your price at the pump. Commodities traders drive your gas price, not “big oil”. It is market forces, not profiteering, driving pricing at the producer level. Now with that said pricing at the retail level is another story.

But......... there's only one business whose's profits go up when the price of their raw material goes up........ big oil.

[SC Bullet]

Prices have went down here

[Dan21XRS]

I've paid anywhere from $2.89 to $2.74... Speedways with 2 miles of each other... Dan

[rboren]

People running from the hurricane use a lot of gas and the companies see an opportunity.

This! It's obvious.

[SC Bullet]

Gas dropped to $2.33 today in Lexington SC

[River-Bandit]

oh good Lord