Loading ...President Trump has just told gas retailers to IMMEDIATELY drop prices to around $2.50 per gallon and STOP OVER-CHARGING Or they will face “BIG PROBLEMS”
“The Retailers must quickly react to this statement, and do what they know is right — DROP YOUR PRICE FOR OUR GREAT AMERICAN PEOPLE! There will be no gauging, which is totally illegal.”
“Gasoline Retailers must get their Prices down, IMMEDIATELY! They’re too high considering that Oil is now at $68 a Barrel, and heading south.”
“Start targeting around the $2.50 a Gallon number, and California should stop charging such heavy Taxes on their Gasoline.”
“Soon the Tax will be higher than the Product itself, and the United States will not stand for it, nor will the People of California, who are being abused by these ridiculous Taxes, and by their own Government. President DONALD J. TRUMP”
WHOLESALE prices haven’t come down. See UGA.
RETAIL prices aren’t near 2.50 anywhere.
https://www.gasbuddy.com/gaspricemap?lat=38.822395&lng=-96.591588&z=4
BUT OIL THE RAW MATERIAL HAS COLLAPSED BACK TO PRE WAR VALUES…IPSO FACTO GAUGING
I’m saying don’t blame retailers. Look at concentration (and NIMBY) in refining.
Perhaps it’s like silver: you have the COMEX price, then the price various users pay for it.