We often think of price "gouging" as occurring at the time of an emergency but its been 5 weeks since Hurricane Harvey made landfall in TX and fuel prices are still not dropping here in FL and according to Gas Buddy, they remain elevated throughout much of the US while crude oil prices have dropped.
Our diesel prices have not dropped one cent since they rose in reaction to Harvey.
Is this "gouging" ?
Or worse, it was reported exports of refined products increased when domestic demand dropped, are we now seeing a "new normal" domestically as a result of more lucrative export markets? Which always seems inevitable regardless the assurances by Big Oil when they lobbied our lawmakers for the legislation.
Why aren't fuel prices dropping?
Our diesel prices have not dropped one cent since they rose in reaction to Harvey.
Is this "gouging" ?
Or worse, it was reported exports of refined products increased when domestic demand dropped, are we now seeing a "new normal" domestically as a result of more lucrative export markets? Which always seems inevitable regardless the assurances by Big Oil when they lobbied our lawmakers for the legislation.
Why aren't fuel prices dropping?