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Average pump prices in California hit a record $4.614/gallon yesterday vs. $4.145 a week earlier...
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Sunday, October 7, 2012, 6:31 AM ETAverage pump prices in California hit a record $4.614/gallon yesterday vs. $4.145 a week earlier following refinery and pipeline outages, with one downtown LA station even selling regular grade at $5.49/gallon. Prices might now have peaked, as Exxon's Torrance refinery resumed normal ops on Friday after experiencing power problems.
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This news story has 26 comments:
As a CA native, I agree with you. They need to rename this state Insane Fantasy Island. It's a mess here.
http://bit.ly/VO9koF
Don't disaggree with your premise, but won't they just blame Bush, and convince themselves none of it was their own doing?
Then What?
$4.15/gallon this morning.
California is the future under this President's energy policies.
No XL pipeline to reduce energy costs is the most obvious manifestation of this no cheap energy policy approach.
"8. “Somehow, we have to figure out how to boost the price of gasoline to the levels in Europe.” – Energy Secretary Steven Chu (Sept. 2008)
Read more: http://politi.co/QWj4sl
"Here’s one line that President Barack Obama might want to rewind: “Under my plan … electricity rates would necessarily skyrocket.”
That quip from a January 2008 interview with the San Francisco Chronicle editorial board is making the rounds in conservative circles — even Mitt Romney referred to it last month – and it likely won’t go away anytime soon.
“If somebody wants to build a coal-fired power plant, they can. It’s just that it will bankrupt them,” Obama said, responding to a question about his cap-and-trade plan. He later added, “Under my plan … electricity rates would necessarily skyrocket.”
Read more: http://politi.co/Og3tqp
"CNBC’s John Harwood: So could the (high) oil prices help us?
Barack Obama: I think that I would have preferred a gradual adjustment. The fact that this is such a shock to American pocketbooks is not a good thing. But if we take some steps right now to help people make the adjustment, first of all by putting more money in their pockets, but also by encouraging the market to adapt to these new circumstances more rapidly, particularly U.S. automakers…"
They waste billions on a high speed rail project that I doubt will ever come into service. They continually face water shortages, especially in the central california where they are pumping more out of the aquifer then is replaced. I'm waiting for a big drought in the future that will cause a water ration national news story.
It has been a long time since we have this level of incompetence at the federal and state levels with respect to basic economics and mathematics and it is very painful to watch.
But hey, maybe the citizens will pass a new ballot initiative that will simply outlaw high gas prices.