Originally Posted By: Kuato
Plan on over $3 by end of summer, unless the Saudis increase production again....blame corporate greed.
We didn't have below $3/gal here in So Cal, it is already $3.70-3.80 at Chevron and Shell stations near my house.
Oil companies don't control retail gas price, the middleman is the one who bid up/down whole sale price, and they are the one sells to retail stations.
If oil companies control gasoline price then why did they let the price dropped from $3.50-3.60 last year to as low as $2.30-2.40 ? Why didn't they keep the gasoline price high so they can have larger profit ?