Fuel is at $4.15 per gallon here in Northern California Wine Country as of today. It will drop a few pennies after the 4th of July has passed.
They claim it is due to the high cost of transportation, but I find that hard to believe because the refinery is less than 35 minutes away. My daughter is at a college about 150 miles away and fuel is 25-30 cents less per gallon.
Greed and taxes. That is why my fuel cost so much. Just greed and taxes.
Greed?
If you made a widget and it cost you 50cents to manufacture it, 25 cents to get it to market and marketing and you sold it for $1.00. That would make you 25 cents for each one you sell. Would you call that greedy after the work you put into it?
Thats a 25% profit margin btw.
Is that reasonable for all the effort you put into it?
I don't have a problem with someone making a profit. However, when they jack up fuel prices and then claim it is the high cost of getting it to market and yet fuel is cheaper 150-200 miles away from the refinery than it is only 25 miles away, then yes, i can't help but question if greed is involved.
Our dealers here in town will jack up the prices on Friday afternoon and lower them on Monday morning just to make extra money off of the weekend tourist. They also raised prices here a couple of years ago when they had problems with the oil platforms in the Gulf of Mexico. They claimed it was the cost of getting the fuel to market. Then they claimed it was because of the storms in the Gulf. It is my understanding that the special California blend fuel for Nor Cal does not even come from the Gulf.
Also, last time I heard anything about OPEC, they were running at 40 percent production to keep the per barrel cost high.
I can drive to the next city away, I have three to choose from, 15 miles east, west or south (towards the refineries, BTW) and find fuel for 15 cents less per gal. I doubt if the cost difference is that much.
Now maybe these things are sound business practices. I am sure they are all legal. I just question if they are ethical.
If I have to pay higher prices for fuel because there is a problem, I can deal with that. Just don't deceive or mislead me with false reasons and answers for the increases.
BTW, How much does it cost to fill up your K bike in your neck of the woods?