California May See Relief This Week From Insane Gas Prices

California May See Relief This Week From Insane Gas Prices

Analysts said that the record-breaking climb of California gasoline prices could end as early as today, if the state manages to avoid any new refinery problems.

Analysts said the price jump was already slowing down even as Gov. Jerry Brown decided Sunday to ease the state's gas-blend requirements to allow refiners to process the less expensive winter blend of fuel three weeks early.

Today, the average price of a gallon of regular gasoline in California is up just 1.3 cents overnight, to $4.668 a gallon, according to the AAA Fuel Gauge Report. That is a new record for the state, but prices rose by more than 17 cents a gallon in one 24-hour period last week.

 


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NorthstarNorthstar - 10/8/2012 3:34:22 PM
+3 Boost
What are Californians excited about? They voted in favor of these prices and even higher ones as the carbon laws start to take effect. And their electricity costs more than the rest of the country. Being green is not cheap. EPA Secretary Lisa Jackson said California is the model for the whole country.


vdivvdiv - 10/8/2012 3:40:21 PM
+1 Boost
Blaming the victims, eh? Surely that will help.


Terry989Terry989 - 10/8/2012 3:45:29 PM
+1 Boost
You do realize that custom tailed gas formulations have been around in Californian longer than carbon laws? I also believe that ~13 other states also have custom gas formulations by season. The only real sham is that each is custom by the state, which drives us the cost more and reduces the risk of supply interruptions. We need either a Federal mandate on a limited number of formulations, or the states to agree on a limited number formulations.


NorthstarNorthstar - 10/8/2012 4:57:53 PM
+2 Boost
Victims? We live in a democracy. The majority of Californians elected leaders and supported referendums that fequire a unique blend of gasoline sold only there. That limits the ability to bring in gas from anywhere else as it breaks the law. Only a certain few refineries can produce it.When those refineries have problems or become too expensive to operate there are shortages. The majority of Californians also elected leaders who will not allow new refineries to be built in the USA, so there will not be additional refineries to supply the needs of California. Finally Californians elected politicains who promised hefty pensions to public employees financed by Calpers. Calpers owns stock in public companies like Chevron and Exxon/Mobil and insists that those firms generate fat profits so that their stock price goes up so that Calpers can sell the stock at a profit and pay the pensions. Actions like voting have consequences. Californians aren't victims; they made decisions and have to live with the consequences. It is called responsibility.


vdivvdiv - 10/8/2012 6:47:44 PM
-1 Boost
As far as oil is concerned, there is no democracy, there is just greed, tenths of billions of dollars worth every month. Considering what is happening it seems that the oil industry was not regulated enough.

You don't think that the Gulf or the East Coast would be equally as fucked if a refinery there blows up as well?


NorthstarNorthstar - 10/8/2012 6:58:38 PM
+3 Boost
Actually 3 refineries in Philadelphia closed down this summer because the companies that owned them could no longer make a profit running them. It cost too much to get the right oil into them. Gas prices here went up $.10 to $.20 per gallon. East coast blends are not as unique as Calif.so some other supplies could be found. Since then state governments have swung into action backing pipeline construction and suspending some environmental blockades to get the 3 refineries operating again under new ownership. Think that could ever happen in Calif?


LexusLexus - 10/8/2012 3:39:48 PM
+3 Boost
This is price gouging. Don't the United States produce more gasoline than we consume? The Greed need to STOP!!!

How can you expect the country to recover from a recession where there is NO Jobs or good paying jobs and the cost of everything raising daily or weekly except your wages?


NorthstarNorthstar - 10/8/2012 5:56:15 PM
+3 Boost
Build pipelines, new refineries, extract and use the energy resources we already have within our borders while transitioning to other sources over time and we will have jobs aplenty. These extra supplies will also drive down prices, not only for energy but everything else that depends on energy. US companies don't control the world energy picture anymore.


knowitall1985knowitall1985 - 10/8/2012 6:05:42 PM
+3 Boost
Where in Nancy P on high gas prices? She was the one freaking out on George Bush when gas prices hit 3.00 dollars a gallon. Now that Obummer is in charge all you hear from her is crickets.....


LexSucksLexSucks - 10/8/2012 9:01:16 PM
-4 Boost
Nancy P isn't the speaker/leader of the house of representatives anymore. John Boehner is. Why aren't you asking where John Boehner is on high gas prices since he now has Nancy P's job? Oh yeah... Everything is obummer's fault. I forgot. Nevermind


knowitall1985knowitall1985 - 10/9/2012 11:07:12 AM
+3 Boost
If you don't see the double standard then your just a moron. Oh I can tell by your name....LOL!!


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