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Crashed... in... price...? I guess I should investigate the $5/gal gas prices I’m seeing in CA.
by just-ok 5y ago
Crashed... in... price...? I guess I should investigate the $5/gal gas prices I’m seeing in CA.
- singlow 5y agoYou should investigate. At least $1.21/gal of that is going to the government. State/Federal gas tax + sales tax + regulatory fees and other regulatory fees. Also California mandates specific formulations which adds to the costs compared to other locations, and add to that the general increased cost of any operations in the state, including higher wages. That extra cost you pay is not going to the ones pulling crude out of the ground. Not saying that Venezuela isn't mismanaging its natural resource revenue, but your high prices are not a contradiction of the fact that their revenue is impacted by an historically low crude price.
- techrat 5y agoI like how you think you can infer the way the rest of the world should be just based on your local petrol prices.
- vanviegen 5y agoMeanwhile in Europe prices are approaching USD 9 / gallon. (And yes, that includes a lot of taxes.)
- hadlock 5y agoCalifornia has a special summer blend of gas that has an unusual vapor pressure due to somewhat unique additives. The only people that make CA blend gas is, surprise surprise, in the high cost of business state, California. California effectively has a closed petroleum economy which has a dramatic impact on fuel prices. It's completely disconnected from Venezuela.
- emptysongglass 5y agoWhy don't the gas stations just sell regular gas and not this special sauce that's inflating the price?
- amanaplanacanal 5y agoI would guess laws and regulations.