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originally posted by: Riffrafter
Gasoline prices have been rising at an alarming rate for the past 6 months. From $1.92 per gallon in November 2017 to $2.85 per gallon today in Charlottesville, VA.
And this is happening during a time period that is typically very stable for gasoline pricing in the U.S. We haven't even gotten to the annual "Memorial Day Highway Robbery" event that is staged each year prior to the big driving months of summertime. So, what is going on here?
Is it price gouging by Big Oil because the general consensus is that America is more prosperous lately? Is it a supply vs. demand issue? Or is it something else entirely?
I'm very curious what my fellow members are paying in their local communities. ATS's large member base and global reach is the perfect platform to see how pricing varies from place to place. Maybe some of you even know why that is. Additionally, I'm very aware that our colleagues in Europe have been getting raped by gasoline pricing (re: Petrol) for a long time, so I'm extremely curious if you folks have experienced this rapid rise in gasoline pricing too or if it's limited to the U.S.
So, what are you paying today in your local community? Have you also noticed the rising prices?
This should be very interesting - and enlightening - for all of us.
originally posted by: Bluntone22
The price of a barrel of oil has nearly doubled in the same time period so that's a huge factor.
A 42 gallon barrel at $72 equals $1.71 per gallon.
That's before transport and refinery costs.
You also only get about 20 gallons of gas from a 42 gallon barrel.
11 gallons of diesel.
Etc etc etc..
And in all the taxes including sales taxes and its $3 a gallon real quick.
originally posted by: SR1TX
There is a supply glut.
You are experiencing inflation.
originally posted by: pheonix358
$1.49 per litre in South Australia.
That is $6.76 per gallon.
Perhaps you are just catching up.