Gas Prices...Not Going Anywhere

Even though the national average has fallen to $3.88 a gallon, gas here in Utah is still $4.15 at most stations. Some stations have fallen to $4.09. LD said when she was at Costco over the weekend the price was still $4.03. The price does not look like it is coming down soon. According to this SL Tribune article "profit-taking" is happening. With this quote hasn't the fuel companies basically said they are colluding to keep prices high, to make up for when profits were not as good. I do not think that any stations ever sold for a loss, so now getting more profit just seems wrong, I guess $11.7 billion is not enough for them. You see, the station owners are paying most of their money to the big oil companies, so even though the station might actually be "owned" by big oil, the money all goes upstream, so the guy at the counter is getting pinched just like you and I when he has to fill his tank.

These oil guys really like being crooks.