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Regular Gas in California a $5.56 a gallon?

Discussion in 'Off-Topic Discussion' started by ScrippsRanch67, Jun 20, 2022.

  1. Jun 20, 2022 at 9:57 PM
    #1
    ScrippsRanch67

    ScrippsRanch67 [OP] Well-Known Member

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    Man, I am really confused. I just passed Horizon Gas in Valley Center California (YES CALIFORNIA)
    showing regular gas at $5.56 a gallon. Biggest gas station I have ever seen! Cars, RV's etc. lined up at the pumps. How in the world is this possible!

    Came home a day early RV camping on Palomar Mtn. Mosquitos were thick!
     
  2. Jun 20, 2022 at 10:33 PM
    #2
    Kamille.bidan

    Kamille.bidan Well-Known Member

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    There is a place like that here in Norcal too.

    I never worked with an oil company, but most of the companies I have worked with that trade internationally or sold commodities had some sort of cash flow hedge scheme. I'd imagine some of the oil companies made a good bet on their cash flow hedges, which enabled them to outpace their competitors.
     
  3. Jun 21, 2022 at 12:20 AM
    #3
    Rumpled

    Rumpled Well-Known Member

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    I was wondering and a quick Google search shows it is owned by the San Pasqual Tribe.
    Saves 18 cents in Fed tax, 51 in state tax plus 7-8 percent or whatever would be the rate in that locale.
    So, they might be charging even more for the gas itself as that adds up to well over a buck.
     
    Mindgame likes this.
  4. Jun 21, 2022 at 1:00 AM
    #4
    YotaGangYotaGang

    YotaGangYotaGang PreRunners are wannabe 4x4’s

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    u mean its too expensive or that its the cheapest gas and its packed?
     
    Sicyota04 likes this.
  5. Jun 21, 2022 at 1:06 AM
    #5
    Sicyota04

    Sicyota04 Slowly but surely.

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    I was just about to ask the same thing. Cheapest here in Redding, CA is $6.00 and above.
     
  6. Jun 21, 2022 at 1:25 AM
    #6
    JLD124

    JLD124 Some Guy

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    Really good for that neighborhood, by about $0.25.
     
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  7. Jun 23, 2022 at 6:45 PM
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    Mindgame

    Mindgame Well-Known Member

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    Hmm maybe the gas station in the reservation is cheaper by this knowledge.
     

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