On Feb 23, 10:11?am, HDinNY wrote:


On CNBC at 1:10PM today, oil-60.83 and unl-1.744. We'll be traveling the
first week in April and I expect $2.50/gallon.
Hugh

Those futures prices are based on wholesale, correct?

Add the state and federal taxes and the retail markups and you will be
nowhere near $1.74/gallon. In our region we enjoy "zone" pricing, a
system in which the refiner sends out a tanker truck to various
company owned filling stations and the same gas, from the same truck,
sold at different locations by the same parent company will vary by
40-50 cents per gallon between one side of town and another. It's
crazy, but as long as they can sell all the fuel they choose to refine
it will remain so..

I paid $2.85/gallon for 92 octane unleaded this afternoon. To be
fair, that was at a station not usually known for its low prices,
(last chance before getting onto the freeway).