The story below is interesting and provides some perspective on the variation of a gas prices throughout the country. It also has some random thoughts on the economic and political ramifications of escalated gas prices.
The USA has evolved into a two-tier gas market. The supply of crude from Canada and the Bakken fields has created a lower cost of supply for the central portion of the country. This differential is most notable in the market spread between WTI (a futures contract that settles physical delivery in Oklahoma) and LLS (Louisiana Light Sweet Crude) – the pricing of crude for the big Gulf refineries…READ MORE.