Why Gas Is Sky High
Gasoline refiners claim that the reason gas prices are so high is because there are 50 different blends of gasoline in this country, all of them mandated by various cities and states to match their environmental needs. ?[Refiners] are in a difficult position, it?s tough to make everyone happy,? according to Mark Zandi of Economics.com.
Jerry Thompson, of Citgo, says there could be supply problems this summer in places like California and the Great Lakes regions that have specific gasoline requirements to cut smog. Refiners would like to see only three blends in the future. ?The real pinch point is distribution and tankage,? says Thompson.
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