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Average pump prices in California hit a record $4.614/gallon yesterday vs. $4.145 a week earlier...

Average 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.
Comments (26)
  • Aristiphones
    , contributor
    Comments (1327) | Send Message
     
    15% increase in less than a week is quite the move. given the already 50% move in nat gas however...
    7 Oct 2012, 09:45 AM Reply Like
  • wyostocks
    , contributor
    Comments (7852) | Send Message
     
    Apparently you haven't heard about the impact on prices from the supply and demand thingy.
    7 Oct 2012, 09:55 AM Reply Like
  • tomlos
    , contributor
    Comments (1112) | Send Message
     
    That's old news, those evil oil companies remember. That's all we hear about these days.
    7 Oct 2012, 10:42 AM Reply Like
  • phxcrane
    , contributor
    Comments (416) | Send Message
     
    How about letting them build some new refineries? No Way. That makes to much sense.
    7 Oct 2012, 10:31 AM Reply Like
  • The_Hammer
    , contributor
    Comments (3951) | Send Message
     
    Calilalalala deserves everything they get. They continue to elect the likes of pelosi and maxine. No new refineries or power pllants but they deserve the best. A good deep depression will break that attitude real quickly.
    7 Oct 2012, 01:42 PM Reply Like
  • surfnspy
    , contributor
    Comments (415) | Send Message
     
    Hammer,
    As a CA native, I agree with you. They need to rename this state Insane Fantasy Island. It's a mess here.
    7 Oct 2012, 03:25 PM Reply Like
  • deercreekvols
    , contributor
    Comments (5409) | Send Message
     
    You are always welcome to move to New York. Plenty of sanity here. Plenty of taxes too. Paid $4.13/gallon yesterday. No refinery issues, just high prices.
    7 Oct 2012, 03:46 PM Reply Like
  • Jason Tillberg
    , contributor
    Comments (1242) | Send Message
     
    lest not forget, we closed a few refineries not so long ago that affects NY.
    http://bit.ly/VO9koF
    7 Oct 2012, 07:35 PM Reply Like
  • 1980XLS-2.0
    , contributor
    Comments (525) | Send Message
     
    Hammer,

     

    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?
    8 Oct 2012, 12:21 AM Reply Like
  • deercreekvols
    , contributor
    Comments (5409) | Send Message
     
    Thanks for the reminder. Those closures affected NYC and the downstate area. Pennsylvania refineries are mere miles from the Southwestern NY/PA border. There is no reason for gas prices to be as high as they are in NY except for the state taxes that are tacked on to every gallon.

     

    $4.15/gallon this morning.
    8 Oct 2012, 08:28 AM Reply Like
  • tradewin
    , contributor
    Comments (658) | Send Message
     
    Hey Deercreek, Hope you are not getting gouged out there. The news we are getting here tells of long lines and short tempers. Also, the Jones Act was suspended because of all this. It should have been amended a long time ago anyway.
    2 Nov 2012, 11:09 PM Reply Like
  • GaltMachine
    , contributor
    Comments (1140) | Send Message
     
    EPA = Energy Prevention Agency

     

    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…"
    7 Oct 2012, 02:39 PM Reply Like
  • Drew Robertson
    , contributor
    Comments (320) | Send Message
     
    Vote for Chavez today? Cheap gas in VZ.
    7 Oct 2012, 09:13 PM Reply Like
  • realornot
    , contributor
    Comments (1281) | Send Message
     
    "...might have peaked." Doubt that. Market has yet put up Mid-East trouble into the new calculation.
    7 Oct 2012, 05:20 PM Reply Like
  • tradewin
    , contributor
    Comments (658) | Send Message
     
    Deercreek, New York is a great place. I agree, $4.13 is pretty high, just filled up today and got shocked - $5.05. Tapped me out and still don't have a full tank. It won't stay there for long but it stings.
    7 Oct 2012, 06:05 PM Reply Like
  • 7footMoose
    , contributor
    Comments (2266) | Send Message
     
    $3.50 per gallon is permanently in the rear view window $5.00 per gallon is the future. How else can the Administration drive Americans to buy the Chevy Volt? California is at the forefront of all significant changes in the US.
    7 Oct 2012, 06:55 PM Reply Like
  • tradewin
    , contributor
    Comments (658) | Send Message
     
    Well Mr. 7footMoose, The Hammer is right. We do deserve the best. I think I'll put those wheels on my hot-tub and attach a sail to it. But, wait, I don't live in Marin.......dude.
    7 Oct 2012, 07:21 PM Reply Like
  • SmashFinance
    , contributor
    Comments (34) | Send Message
     
    Californians can blame their own legislatures for this fiasco, as they have made the state a closed fuel market... special rules on seasonal blends don't allow retailers to have excess supply shipped in from out of state...
    7 Oct 2012, 09:18 PM Reply Like
  • tradewin
    , contributor
    Comments (658) | Send Message
     
    Yep, special rules for special people. And it's not just gas. Just about everything here. Didn't you know that only happy cows come from California? That's what the milk industry here keeps telling us. And eggs etc. etc. etc.
    7 Oct 2012, 09:33 PM Reply Like
  • k2caliguy
    , contributor
    Comments (59) | Send Message
     
    I'm a born an raised 3rd generation Californian and I moved to Arizona last year. I am so much better off leaving that crazy state. California has been run into the ground by special interest groups. Anyone trying to build a refinery is going to go through years of litigation. Business interests are always litigated against over environmental impact reviews. California is going to continue to face these issues with their special blended summer fuel anytime these refineries go down for maintenance.

     

    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.
    7 Oct 2012, 10:54 PM Reply Like
  • tradewin
    , contributor
    Comments (658) | Send Message
     
    Building another refinery here won't happen. And the recent spike in fuel prices shows just how fragile the industry is to any setbacks whatsoever. I remember the water rationing in the 1970's. It got national attention. Water is very big business here. And there are oceans of natural gas in the ground, but most wells have been capped because it is simply not profitable to produce all of that clean energy at current prices. So it just sits there while that multibillion dollar high-speed rail system to nowhere ( which I voted against ) runs across the top of that gas while farmers laugh and re-sell the balance of their water rights to L.A. County.
    7 Oct 2012, 11:36 PM Reply Like
  • Lakeaffect
    , contributor
    Comments (1013) | Send Message
     
    I want to hold my opinion until Terry 330, Anonymous1 and Tack weigh in on this.
    7 Oct 2012, 11:13 PM Reply Like
  • wdjax0n
    , contributor
    Comments (1403) | Send Message
     
    Thank you so much anti-auto Governor Moonbeam.
    7 Oct 2012, 11:20 PM Reply Like
  • sethmcs
    , contributor
    Comments (3216) | Send Message
     
    Ah Gov Moonbeam is getting practical in his old age told the air board to lighten up and let them make winter blend. Strange things happen in a election year.
    8 Oct 2012, 12:52 AM Reply Like
  • TomasViewPoint
    , contributor
    Comments (4845) | Send Message
     
    I guess "hope and change" really meant you can "hope things work out" but if not "keep the change" as that is all you will have left.

     

    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.
    8 Oct 2012, 01:24 AM Reply Like
  • Tricky
    , contributor
    Comments (1583) | Send Message
     
    In the words of The Economist, "California is practically ungovernable at this point".

     

    But hey, maybe the citizens will pass a new ballot initiative that will simply outlaw high gas prices.
    8 Oct 2012, 08:37 AM Reply Like
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