Borenstein says oil companies and retailers started the 'mystery gas surcharge' seven years ago after a fire and explosion at a SoCal refinery. Since then, he says oil companies have charged CA drivers an extra $40 billion compared to the rest of U.S.
It just keeps getting worse...a gas station in Mendocino is now charging nearly $10 a gallon. According to GasBuddy, it's the most expensive gas in the country.
"Marketers can charge whatever they want for gasoline. It's based on consumers. Consumers will pick the gas station they want to go to.
"We need to be willing to shop around because not only do you get a better price, you put more pressure on those expensive stations which are usually the big brands to lower their prices," said Borenstein. The professor tells us, that despite some companies' claims that their special additives improve your car's performance, virtually all gas is the same. So, shop at independent stations that charge less, and THAT should drive down the price of all gasoline more quickly.
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