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I have found no rhyme or reason over the huge spike in gas prices other than greed. Granted, our current president shouldn't have been so negative towards foss

I have found no rhyme or reason over the huge spike in gas prices other than greed. Granted, our current president shouldn't have been so negative towards fossil fuels. That said, he did nothing to create this particular upswing. My local Chevron gas station 94960 has been fluctuating from $5.50 to 6.40 every other day since Ukraine was invaded. These oils companies, along with so many other companies, raised prices because they thought they could get away with it. "Let's blame a war. Let's blame inflation.". Oil profits have never been higher. It just smells like cronyism. I've always wondered why gas prices in the Bay Area are the highest in the nation. While we have huge refineries across the Richmond Bridge.

colechristensen 4y ago
It’s OPEC not your local gas station. To be fair everybody in the chain is making lots of money, but the high prices come from sanctioning Russia and OPEC not boosting production because they like money and have limited remaining oil.
themitigating 4y ago
"Granted, our current president shouldn't have been so negative towards fossil fuels. That said, he did nothing to create this particular upswing" Why did you bring it up if it has nothing to do with the current situation?
weberer 4y ago
>I've always wondered why gas prices in the Bay Area are the highest in the nation Obviously because gas tax in California is the highest in the nation, by quite a margin. CA charges an extra 62.47 cents per gallon, whereas next door Arizona only charges an extra 19 cents per gallon. https://taxfoundation.org/state-gas-tax-rates-2020/ https://taxfoundation.org/state-gas-tax-rates-2020/