Bending the Third Rail
Because We Should, We Can, We Do
Tuesday, April 25, 2006
How Gas Prices Are Determined
If you want to understand the process of gasoline pricing, go to this post on The Oil Drum. It was originally posted when everyone was griping about gasoline prices during Katrina and offers a very good explanation of just what happens. And it's not a socialist pinko rant against big oil .... quite the contrary.

I would simply add to what the author says, when I get pissed at "the oil companies", I'm talking about the oil producers, refiners, shippers, distributors and retailers. All of em'. They all take a little advantage when they can. My personal favorite is Exxon, which controls gasoline throughout the entire process. And, like shit rolling downhill, you and I are at the bottom. And, like Lynne said below, to a certain degree the Americans who keep driving prolifigately in oversized cars deserve it.
Written at 1:22 PM by Greyhair.
0 comments