I think that there is a key piece to this puzzle missing. The prices in the chart shows A snapshot of the prices on 5/28/2022. What was the price on say 1/28/2022, or 1/28/2021?
In California 1/28/2021, we paid just over $2.35 a gallon, today we are sneaking up on $7.00 a gallon. And that is...