3 ms·
I'd expect it to look like gas prices. CA has some of the most expensive gas in the country. Part is due to taxes, part is due to extra refining requirements.
by dehrmann 4y ago
I'd expect it to look like gas prices. CA has some of the most expensive gas in the country. Part is due to taxes, part is due to extra refining requirements.
- m463 4y agoI think there's another force at play here - the price increase is flexible because people expect to pay more for "special" gas. Sentiment affects pricing and whenever some disaster or other event happens, the market is pretty efficient at capitalizing on it. This goes for all kinds of things like ukraine and natural gas, chickens and eggs, EVs and electricity pricing, etc...
- dehrmann 4y agoAll those examples are all supply shocks. CA gas prices have been high for a long time, and I doubt most people see CA gas as "special," so surely another refiner would have stepped in by now.