Are gas stations, oil companies price gouging you? Here's what experts say

  • 📰 abc7newsbayarea
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

The pain at the pump is real, but why are prices so high? And is there a possibility that gas stations and oil companies are price gouging us? Here's what experts say:

California is the first state ever to have an average price above $5 a gallon, according to gasbuddy.com.

He does think there's reason to look into some individual stations and franchises and questions whether $7 a gallon is really necessary. "They aren't really gouging any more than if you own a house in San Francisco, and the price of housing goes up, you sell it for a higher price," said Borenstein.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Well.

Isn’t it strange how every time the Democrats are in control oil companies have record profits at the American citizens expense?🤔

I do not understand. COGS may be up, but how do oil company profits go up? Record profits indicate greed. The house example is bogus because we negotiate prices by the offers we make. I can't do that at the Exxon station.

Gas prices are ridiculous right now. Unnecessarily in my opinion. Some gas stations do try to price gouge. The decent gas stations will try not to. Supply and demand right. 🤔

iT’s BiDeN aNd ThE dEmOcRaTs!

Want to know why?

No, Joe Biden is

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 529. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Gas prices won’t 'choke' economy until they hit $5 a gallon, investment expert saysGradient Investments President Michael Binger discusses the impact of high gas prices. We pay £1.79 ltr, twisting about $5 a gallon a would give me right bollock for the equivalent of £1.02 a ltr 😂😂 Why don't you ask the small time family? I guess they don't matter, especially when there are illegals jumping over the boarder. Not true
La source: FoxBusiness - 🏆 458. / 53 Lire la suite »