I use regular (87 octane) gas, but noticed that mid-grade (89 octane) is at least $0.20 more, and premium (93 octane) is usually only another $0.10 more. For example, regular $3.299, mid-grade $3.499, premium $3.599. If someone wanted 89 octane gas they would save about $0.10/gallon by mixing 2/3 regular and 1/3 premium.
(1) Is this some kind of legitimate supply and demand issue, or is there a conspiracy by the oil companies to jack up the prices unnecessarily on higher grades, especially mid-grade?
(2) Should higher oil prices cause the price differences between the various grades to increase as well? For example, if regular was $1.10 and premium was $1.20, if regular triples to $3.30, shouldn't premium still be $0.10 more at $3.40, not triple to $3.60? Legitimate or a conspiracy?
(3) I live in NY and in NJ gas prices are a lot lower, but the price differences fluctuate. Why would NJ gas cost $0.25 less some times, $0.40 less at other times? Conspiracy or price fixing?
2007-11-30
18:30:28
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6 answers
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asked by
Alan S
6
in
Commuting