[lbo-talk] oil supply

Wojtek Sokolowski sokol at jhu.edu
Tue Mar 20 10:57:43 PDT 2007


Jordan:


> $3.25? Wow. Life is cheap in New York!

California is, as they say, different. There's lots of reasons why gas in California is way above average. Long distance truckers fill up before they cross the border and make a mad dash into a port and return before they need more -- it's worth it.

I paid $3.49 the other day in Berkeley.

[WS:] That may be true, but the prices went up nation-wide. So if the demand is weak and supply abundant, what explains that across-the-nation price hike - it went up about 50 cents to about $2.57+ (regular) in Baltimore during the past month.

Wojtek



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