What's Going On Here?

Hi Everyone,

It is an unbelievable event, but as every one knows, gasoline prices have dropped dramatically. This is unbelievable since the first OPEC oil embargo occurred in 1974. When prices of a barrel of crude oil heads south, OPEC has always cut output to increase the price per barrel. But not this time. OPEC spigots are still open as much as before the price drop. We all remember 2008, when the price of a barrel of oil went so high that the price for a gallon of gasoline reached and surpassed $4.00.

Last week I took a friend for some errands and we drove through Katonah, New York. Katonah has a lot of very wealthy residents on large estates. The price for a gallon as gasoline was $3.90 and a second gas station was selling gas for $3.89. What is wrong with that picture? The price around where we live, (about 15 miles north of Katonah) is around $3.23/ gallon. How can gas stations in Katonah sell gas for $.60 a gallon more? Their prices are more like 2008. Those gas stations buy their gas from the same places as the gas stations that serve our area.

Can it be true that just because one lives in a rich area that they will pay more for gasoline? That doesn't make sense to me. To me it appears that those stations are price gouging and are getting away with it. It has always been this way in Katonah. There is just no common sense as to why they are able to get away with it. I fully understand that greed overrules common sense with some companies in order to make more money. But this has been going on for too long and someone needs to say something to someone to have these stations investigated for price gouging.

Til next week.

Peter