Sunday, July 20, 2008

Liar, Liar

So we can't even trust the word of local gas station owners! People can justify anything, even by stretching or bending the truth.

The cost of crude has been dropping on world markets, but drivers have yet to see any significant relief at the pump.

According to AAA, the average cost of regular gasoline is $4.09 a gallon in Rhode Island. The average is $4.07 a gallon in Massachusetts. In Connecticut, the average is $4.36 a gallon.

Gas station owner Ken Martone told NBC 10 that gasoline prices haven't dropped because drivers are paying for gasoline that has already been delivered. It was purchased at a higher price and therefore has to be sold at a higher price.

Martone said that once the gas in the tanks is gone, prices will slowly go down. But he said people are driving less and filling up less, meaning many stations are using up their existing fuel at a slower rate.

But they raise the price as soon as the price of a barrel rises halfway across the world.

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