I have heard this before. I’m trying to understand the actual non bullshit answer from someone in the industry. 3 years ago the gap was less than 50 cents today the gap is over $3… something doesn’t add up.wap wrote: ↑Wed Oct 05, 2022 10:23 amInteresting.Johnny_P wrote: ↑Wed Oct 05, 2022 9:11 am
In order to sell gas in California the gas has to be produced in a facility that meets California emissions standards. Texas and the oil industry in general DGAF about emissions. So gas sold in Cali is more expensive because there’s fewer refineries that meet the standard.
Neither does “demand” you can’t have a supply and demand Convo with a product that has inelastic demand… people won’t stop buying gas over night.
We’re $3.50 higher than Florida presumably they have had a few “disruptions” as well