May 22, 2012
Phil, you're scaring me with those CA gas prices. I follow the wholesale price off of Bloomberg and Reuters. A couple of weeks ago Bay Area fuel was trading at a premium of 60 cents/gallon to NY Harbor (NYMEX). I suppose some of that is filtering through to the pump. Those prices on the market do not include tax, transportation costs, or profit for the wholesaler, retailer, etc.