Angry About High Gas Prices? Blame Shuttered Oil Refineries

Jiro said:
$3.74 here. $14 for a full tank.

*shrug*
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Almost same for price - $3.75 per gal and $40 in total for my car.
 
Why gas prices may have peaked - Apr. 13, 2012
NEW YORK (CNNMoney) -- After one of the fastest and steepest runups in recent memory, it's possible gasoline prices may have peaked.

Retail gas prices fell more than half a cent Friday to a nationwide average just above $3.90 a gallon, according to AAA, continuing a decline started late last week that has shaved almost 4 cents off the price of gas.

The decline mirrors a moderate drop in crude oil prices, which account for roughly 70% of the cost of gas.

Crude prices have fallen for a few reasons, but the biggest is Iran's decision to negotiate over its nuclear program.

"All of the bad things we were really worried about don't look like they will happen," said Kevin Lindemer, an independent energy consultant that has worked for Irving Oil and Cambridge Energy Research Associates. "If we have an uneventful summer, there's nothing fundamental that should cause prices to go much higher."

But having an uneventful summer is still a big if.

Iran could walk out of the nuclear negotiations -- beginning Saturday in Istanbul -- at any time. A hurricane could hit the Gulf of Mexico. Protests could again rock the Middle East.

But barring a big event, it appears the world is adequately supplied with crude oil.

"Oil prices should fall," said Chris Lafakis, an economist at Moody's Analytics. "That should provide a tail wind for the economy."

As tensions ease with Iran, markets become less fearful of a major disruption in oil supplies. Iran, after all, has repeatedly threatened to close the Strait of Hormuz, through which a fifth of the world's oil passes.

But there are other factors pushing down oil prices as well.
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nothing to see in here.... *shrug*
 
dropping and dropping....

Gas prices seen headed lower at the pump - Apr. 26, 2012
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NEW YORK (CNNMoney) -- A surge in gasoline prices earlier this year sparked talk of $5 a gallon by this summer, but prices at the pump have been ticking lower in April, and it appears they'll continue falling as the driving season approaches.
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checked the price at my local gas station... it dropped to $3.71
 
Yeah, dropping here quite a bit, too. Today, I got reg unleaded at 3.97
 
You can not trust the American people not to waste gasoline regardless of the price.
 
I did not drive last year. Quite a surprise that it cost $65 to fill up my car. It was $4.27 for regular here in central California yesterday:-( Looks like the boat will sit in storage again this year:-(
 
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