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California's crazy gas price spike may be over - for now - as prices dropped overnight by an...

California's crazy gas price spike may be over - for now - as prices dropped overnight by an average of a half-cent per gallon, to the still stunning level of $4.666. A spate of refinery problems cut the state's gasoline supplies by 122K bbl., or 2.1%, to 5.77M in the week ended Sept. 28, down 10% Y/Y and the lowest inventory level for that period since 1999.
Comments (9)
  • the entire country will be out of gas within 2-3 years..
    10 Oct 2012, 12:17 PM Reply Like
  • "The entire country" was supposed to be out of oil as long ago as 1915:



    I respectfully disagree with you.
    10 Oct 2012, 08:46 PM Reply Like
  • 15 years ago, my friend who then worked for Mobil HK said there is only 20 years left in global supply. I see more and more usage of plastic wares in light of the plastic bag clampdown.
    10 Oct 2012, 08:53 PM Reply Like
  • a half-cent per gallon. Wow, stunning....


    The entire country is re-entering into recession II.


    Who will be the leading actor?? Obama or Romney???
    10 Oct 2012, 06:32 PM Reply Like
  • yes.
    10 Oct 2012, 08:31 PM Reply Like
  • California is beautiful with great climate. Unfortunately it has a gargantuan government that is punishing those who work. Who pays those onerous propert taxes? Isn't those living in public the middle class.


    CALPERS needs rates of more than 8% to sustain the pension system. The problem is they are underperforming these last two years! In a market that is up! What is going to happen if a crash ensues?
    10 Oct 2012, 09:19 PM Reply Like
  • 47th most tax friendly state
    10 Oct 2012, 09:23 PM Reply Like
  • What if CA went for Romney? I'd be upset if I lived there or planning on leaving.
    11 Oct 2012, 12:12 AM Reply Like
  • I think California would like to go for Romney on economics issues, but the divide on social issues is just too wide. Too bad the Republicans can't come across to seculars, there isn't any real reason why believing in a responsible economy should have to correlate with opposing abortion and gay marriage.
    11 Oct 2012, 02:10 AM Reply Like
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