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Yea…there was a HUGE hurricane to hit Galveston/Houston Texas…but what exactly is going on. There was no significant damage to Houston area refineries, but wholesale gas was trading at $4.75.

I, along with plenty of others, am calling this gouging. Not one of the gas stations was charged $4.75 a gallon for gas with their most recent supply, so why are they passing this OUTRAGEOUS price difference onto consumers? The answer: Because they are allowed to. Markup to wholesale prices can be up to $.60 on this most recent trade.

Our gas was $3.49 Thursday night at 8 pm. At 10 pm it was $3.55… Saturday morning $3.99. Wow. The best part? Oil traded UNDER $100 a barrel on Thursday.

Jeremy

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