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What's the lesson from California's spike in gasoline prices, which has cost consumers millions...

  • Friday, October 19, 2012, 5:41 PM ET
    What's the lesson from California's spike in gasoline prices, which has cost consumers millions of dollars and prompted calls for an investigation? In the world of tight supply-chain management, if you live by "just in time," you just might die by it. That's the price Californians opted to pay, John Bussey writes, because they have goals beyond just access to cheap gas.
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    The lesson should be that due to silly regulations, gas was extremely expensive in California, UNTIL sanity returned to Gov. Brown when he made "winter gas" allowable with a penstroke.
    19 Oct 2012, 05:47 PM Reply Like
  •  
    Another lesson is that there are always consequences, intended and unintended, to the decisions we make. It seems that every environmentally based decision has a cost associated with it. There is always the other side. You stop drilling - you get less and higher costs. You regulate formulations - you get potential supply disruptions. You support electric cars - you get battery disposal issues. The provision of goods and services is an economic reality that generates tradeoffs.

    Perhaps California's tradeoffs drive a budget result where this year corporate income tax collections are off 20% vs. same period last year.
    19 Oct 2012, 05:53 PM Reply Like
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