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%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 529. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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
Source: FoxBusiness - 🏆 458. / 53 Read more »