Every indication is that the price will go up.

Most are between $2–3 a gallon.

You will get no argument from me on that.  Just look at the recent happenings.  It doesn't matter exactly where it is happening either.  It was destined to happen!!!

Showtalk said...

Every indication is that the price will go up.

And not just the price of gas, but everything:

Inflation Nation: Consumer Prices Jump 4.2 Percent

https://www.breitbart.com/economy/2021/05/12/inflation-nation-consumer-prices-up-4-2-percent-annually/

And for those who are biased against Breibard, here's a CNBC report stating the same!

Inflation speeds up in April as consumer prices leap 4.2%, fastest since 2008

https://www.cnbc.com/2021/05/12/consumer-price-index-april-2021.html

FWIW

Showtalk said...

Most are between $2–3 a gallon.

The average price of a gallon of gasoline rose above three dollars on Wednesday, according to data from AAA. And it's not just the East Coast due to the pipeline cyber attack either.

This is the first time since November of 2014 that the national average has exceeded $2.99, AAA said.

Although the run-up in national prices is being attributed to the shutdown of the Colonial Pipeline, which brings fuel to the East Coast, prices are highest on the West Coast.

In California, the average gallon costs $4.112, according to AAA. In Oregon, prices average $3.357. In Washington, $3.522.

On the East Coast, prices are highest in New York, Pennsylvania, Connecticut, and New Jersey, topping three dollars in all four states.

FWIW

Yes, poor planning, mistakes and other things attributed to it.

They have made it happen, it doesn’t occur in a vacuum. Public policy has a lot to do with what we are seeing now.

West Coast variables:

• higher taxes
• fewer refineries
• summer blends
• high demand
• less usable public transportation

Showtalk said...

They have made it happen, it doesn’t occur in a vacuum. Public policy has a lot to do with what we are seeing now.

Government regulation and government policy have the most to do with what we are seeing now. But public policy does play a minor role as well.

FWIW

Showtalk said...

West Coast variables

They help explain the "higher than average" prices on the west coast, but the entire AAA ratings are an average of all states and they pegged gas at $2.99 average across all states! So anything above that $2.99 average would have some other outside influence like you mentioned on the West Coast because they are quite a bit above the average.

But the $2.99 average doesn't have anything to do with the West Coast problems.

FWIW