I read today that our heating oil mostly comes from Canada and Venezuela, so there's hope that heating oil prices won't be too outrageous this winter. However, I also read that Katrina has/will effect natural gas prices, and if you paid $200/month last winter, expect to pay $240 a month this winter. I'm not really sure how exactly the hurricane effects natural gas prices for this winter though... :notsure:
Does anyone know how gas stations determine how much to raise the price per gallon in such a short amount of time? Today, we fueled up at 2.99 and when we drove by a few hours later it was 3.19. That's 60 cents a gallon over the course of the last 3 days...
I just don't see how they can determine what the price should be so quickly. Furthermore, they bought x amount of gas last week and stored it in their tanks for say 2.20/gal are selling it to the consumer for 2.59/gal. Then they raise the price to the consumer 20 cents or more per day, still selling the gas they bought last week for 2.20/gal. Lastly, how is the guy charging 5 something a gallon getting away with it, when most places are selling it in the 3 dollar range?