Masthead




Last Updated: Aug 9th, 2013 - 08:51:56


What's up with gas prices?
By Michael Wright, Managing Editor
Jan 29, 2013, 13:59

On my way to work the other morning, I stopped by a local gas station and filled up my vehicle. I payed $2.99 per gallon. Then, at lunch, I passed by the same gas station only to find the price had rocked up 16 cents in just a few hours. “What’s up with the higher gas price?” I wondered.
Well, according to several online sources, it appears it boils down to the simple law of supply and demand, or at least that is what Big Oil is claiming.
It also has a little something to do with the fact that many refineries are beginning their maintenance periods, meaning portions of plants are being shut down for overhauls and other scheduled maintenance.
Okay, but 16 cents in four or five hours? It seems like games prices are always fast to spike, but much slower to decrease when situations improve. What do you think?
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Read the complete column in the Jan. 27 print edition.