For the last month or so, gas prices in Mishicot have been 20 to 30 cents cheaper than prices in Pewaukee (I filled on 89 octane E10 today at $3.559/gallon, it was $3.849 at home). The price used to be much closer.
I think I am seeing the Summer blend conversion premium on prices of reformulated gas (they only use real gas or generic E10 in Manitowoc County). We may get a slight price rollback in Waukesha County when Summer production is fully online.
On a international scale, Belling kept talking about the $15 a day worker in China not being able to afford $10/gallon gas. That is a good thing. Motor fuel demand is inelastic in the U.S., but is elastic in China and India. They will eventually stop buying, which will ease supplies for our own selfish use.
As I said, this is good news. Belling didn't realize the consequences of what he was saying.
5 years ago