By an edhat reader
So as always, why is it that oil has now gone into a negative, that every single gas station in Santa Barbara/Goleta still just under $3.00? The national average is hear is $1.77 and in some places a dollar.
Why are Gasoline Prices Still High?
yiannis93101
April 23, 2020, 7:51 am
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Written by yiannis93101
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Good one Roger. LOL.
Gas buddy says cheapest average gas price is in Fresno at $2.50/gal. No way you saw $0.99/gal unless it was some kind of give-away promotion at cost. You should provide a link or a retraction to your assertion.
Rex, and where are the government regulators that are supposed to be watching out for us when this happens? Probably don’t mind high prices to increase their sales taxes?
Hmmm. Don’t think it’s demand. Let’s permit a Costco gas station and find out how fast local gas stations drop their prices.
I’m a “lefty liberal” and I agree 100% with what you are saying 12:26. Sadly what’s missing from a lot of liberal legislation is common sense…
Xantus’ new law of economics: Low demand => high prices. Nobel worthy.
Can’t live in a spoiled environment be you rich or poor.
I (used to) drive between SB and LA occasionally and although Arco gas prices in LA are usually 20 cents cheaper, prices at the Arcos in Ventura and SB are about the same. So the market seems pretty competitive unless you are talking about the gas stations along Storke which are really expensive.
our states gas taxes
oh MAC. it’s adorable how much you try, but perhaps you could try a little harder. if the gas stations have not pumped out their storage tanks (due to low demand) then they’ve had no reason to buy new gas at it’s lower price. —
https://oilprice.com/oil-price-charts/block/8 — now look at the price history and educate thyself. it’s not like oil is still negative.
There have been numerous reports about the mysterious 30-50 cent gap in the price of gasoline in CA for decades. This is money that is taken by the refiners above the cost of production. The legislature has been asked to look into this but the oil companies have blocked investigation every time. Because they have a lock on refining in CA (only a few plants and no competition) they get away with it and huge profits result. This morning’s LA Times referenced this again and pointed out that the companies are almost totally out of the retail business. The amount of money the vendor makes per gallon is pretty small potatoes compared to that Chevron and friends manage. Yes, our prices are higher due to formulations that protect our health and taxes that pay for our roads but that is not the scandal.
Roger – thanks for reminding me. Now off to get some high gas to get some high times! This whole virus thing has taught me to truly enjoy cannabis and cbd!
Two weeks ago, the gasoline price at Costco in Simi Valley was $2.35 a gallon. It’s Santa Barbara that’s keeping the prices high.
Imagine that, corruption in the oil industry.
The only deciding factor in gas prices, now and always, is “Supply and Demand”. Gas prices are the most basic real-time example of this economic concept.
Calif gasoline tax is 61.2 cents/gallon, plus fed gas tax of 18.4 cents/gallon, and then Calif/County/City sales tax is added on top of that (8.75% in city of SB I think). Ka-ching.
Drove home via the I-5 this week and gas was as low as $0.99 a gallon in the central valley. We get robbed in a little market like Goleta/SB where there is no competition.
Our gasoline could be the cheapest in the US, but California will not allow it. Here is an LA times aritcle about why our gas is so expensive. https://www.latimes.com/business/la-fi-gasoline-manipulation-infobox-20150706-story.html Perhaps the governor could relax the requirements on fuel formulations and waive the taxes to help ease the cost burden on Califonria’s poorest families? Perhaps he could waive vehicle registration fees, taxes on utilities, etc.? Nope! That won’t happen! How come California always shafts the poor?
Most every place shafts the poor. Bad air also shafts the poor. Who lives right by the freeways? Mostly poor folk. Some of the fuel regulations have to do with reducing pollution.
Its the special California requirements for formulation. Makes it more expensive to refine, and very few refineries can produce our fuel so we are vulnerable to supply disruption.
It is interesting many of the same people who want to help the low incomed are at the same time environmentalists who want higher/high taxes on gas for the older cars those low incomed folk drive. Few of low income folks can afford the Prius and other hybrid models, even with the tax reductions that the high incomed folk receive.
” We get robbed in a little market like Goleta/SB where there is no competition.”
the word you are looking for… is Demand. people as a whole are doing way less driving than before due to so many businesses closing.
Because this is California everything is high here I’m going to be high later.
In order to keep the cost of your Tesla low, scores of children have died working in Congolese Cobalt mines. In addition, great numbers of Congolese children have birth defects due to the widespread uranium contamination that is caused by Cobalt mining. That’s just the impact of the cobalt, think of the other materials needed to make your battery. Perhaps there is some cost benefit to EVs in some situations, but there is definitely not an environmental or humanitarian benefit.
to say nothing of the Tesla’s very fine Barbeque Impersonation … just pray you never get in a collision of any serious nature.
I agree 88. And that’s without even considering the cost of the battery. Electric cars also have a tremendous environmental and humanitarian impact that a lot of people seem to gloss over. Cobalt is just one of many materials needed to manufacture EV batteries. Here is a WAPO article about the impact of cobalt mining, which is predominantly done in the Congo. https://www.washingtonpost.com/news/in-sight/wp/2018/02/28/the-cost-of-cobalt/ Then consider the impact of Chinese lithium mining, battery disposal, etc. I would much rather buy fuel produced in the USA in accordance with our environmental and labor standards.
More misinformation, as usual. The subsidies and environmental costs of petroleum fueled vehicles are ignored.
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https://www.carbonbrief.org/factcheck-how-electric-vehicles-help-to-tackle-climate-change
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http://www.ucsusa.org/clean-vehicles/electric-vehicles/ev-emissions-tool#.VuolayjPb8t
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http://www.climatecentral.org/news/a-roadmap-to-climate-friendly-cars-2013-16318