gasoline prices




A few years ago, the difference was only 20 cents, but it has been gradually increasing.
What is the differential between regular and 93 octane where you are?
BTW, price here is reflective of the lowest gasoline taxes in the nation.
According to national BP, they do not set the price, the local stations and distributors do.
And car companies make gas alternative or diesel models much more expensive than the regular gas engine models.
Oil prices fell to their lowest since the eruption of Libya's civil war in February stemmed exports from the OPEC member, putting a strain on global oil supplies. The International Energy Agency said it would help ease the strain by releasing 60 million barrels of government-held stocks, immediately increasing global supply by nearly 2.5 percent.
The move shocked traders who had been expecting the IEA to give top exporter Saudi Arabia more time to make up for the supply shortfall following OPEC's failed meeting on June 8, when other members blocked Gulf efforts to hike output.
Brent crude futures for August plunged by more than $8 after the news, nearly its lowest intraday price since February 22. By 10:03 a.m. EDT it was down $7.41 at $106.80 a barrel, set for its biggest fall since a deep slump on May 5.
U.S. crude lagged the decline but still fell $5.20 to $90.21 a barrel, taking prices more than 20 percent below their early May peak at more than $114, the highest since 2008."
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Source:
U.S. Energy Information Administration/Petroleum Marketing Monthly June 2011
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