Ready for gas prices to spike for no apparent, and certainly no good reason? At the same time this morning, gas was being reported at $1.88 per gallon of unleaded in Decatur, but just a few miles up the road in LeRoy, it spiked to $2.28 after being $1.99 the night before.
First of all, the .40 cent difference about 40 miles apart makes absolutely no sense (pardon the pun) and there is no justification for it ever. Can you imagine the uproar if grocery stores in Bloomington charged $2.00 a gallon for milk, and in Peoria it was $3.50 for the same product?
Beyond that, with prices jumping this morning in Peoria, Canton, Kewanee and who knows where else, I ask the oil companies, suppliers, and gas station owners again: why? Where’s the proof showing this needs to happen? Where’s the justification? How is this not theft?
Anyone that wants to take a crack at answering those questions…be my guest.
UPDATE: Bloomington/Normal gas prices are now being reported at $2.19. Saturday…just this past Saturday…I filled up over there for $1.71.
$0.48 in six days? Did we start another war or something I wasn’t aware of? WTF?
2 responses so far ↓
1
emergepeoria
// Mar 25, 2009 at 12:32 pm
I just returned from running errands here in Peoria and was shocked that gas is now $2.15!
2
Brad Carter
// Mar 28, 2009 at 5:07 pm
Oil is up $20/bbl in the last 3 weeks and part of the reason for the price increase at the pump.
The question you should be asking is why is oil up? Demand is still down, reserve inventories are at 30 year high, and OPEC’s latest production cuts were a mere drop in the bucket.
Probably ought to mention that refineries are down to 82% production from 87% for “cleaning and repairs”. Could be another factor.
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