State Seeking Explanation of High Gas Prices
Laramie, Wy – An executive with one Wyoming oil refinery explains recent changes in oil and gas prices in Wyoming by saying the market is in transition.
Last week, Governor Dave Freudenthal wrote a letter to three area refineries asking them to explain why gas was more expensive in Wyoming and other mountain states than in states to the East. When Freudenthal wrote the letter, a gallon of regular unleaded cost an average of two-dollars-and-70-cents in Wyoming -- 26 cents higher than South Dakota, and 35 cents higher than Nebraska.
Today the price of gas in Wyoming is still at least 20 cents higher than in Nebraska and South Dakota.
The executive vice president of Frontier Oil, says he doesn't follow retail prices. But he does know that wholesale prices have fallen dramatically in the past several weeks.
Rob Hurless is Freudenthal's energy adviser. He says they're still waiting to hear from two other refineries.