Gas Price Frenzies: 20 Cent Price Shocks


by Matthew Lawlor on Nov 2, 2013 | Views: 128 | Score: 0
Single Day Price Shocks of 20 Cents or More
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Sources: abcnews.go.com
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Matthew Lawlor
Matthew Lawlor on Nov 2, 2013 10:13 AM said:

Sixty three times this year, at least one US metro area saw a single day gas price shock of 20 cents or more. Analysts state that this volatility is because refiners keep a smaller supply of oil on hand to cut costs. Currently the US fuel system carries about 26 days of fuel compared to 30-40 day supplies previously held.