Today, a mylar balloon downed Exxon/Mobil's Torrance refinery, which supplies 8% of California's gasoline. On May 9, Exxon announced that it was shutting its refinery down for "planned maintenance." In the next four days, Southern California gasoline prices soared 8¢. The current shutdown, which sounds more like an aborted restart, is likely to cause more jumps at the pump this weekend as fuel buyers scramble for supplies.
How one mylar balloon downed California's 5th largest refinery, and the effect it will have on local gas prices.Submitted by AgentOrange on Thu, 05/30/2013 - 16:41
Submitted by Charles Langley on Mon, 05/13/2013 - 16:42
Oil prices are going down. The spot market price for gasoline is down. Your gas prices are going up.
Demand for gasoline in California has tanked every year for the last six years, yet prices continue to rise, even as oil prices drop. In 2008, for example, oil was selling for $147 a barrel, and California gasoline reached a record high of $4.62 a gallon. And last October, when gas prices in California surged to an average of $4.72 a gallon - the new record high - the same oil was selling for $89 a barrel.
Submitted by AgentOrange on Thu, 02/28/2013 - 18:36
Today, (2-28-13) we predict that gasoline prices should begin to decline on average in San Diego County through Monday from six to twelve cents a gallon.
Submitted by AgentOrange on Mon, 02/18/2013 - 11:07
Gas prices have gone up almost 8¢ since the 14th ... a heart breaking price hike that makes this the most expensive February on record for gasoline in California history. The current average is now $4.27.
Submitted by AgentOrange on Thu, 02/07/2013 - 18:00
Local gas prices surged 9¢ at the retail level today, reaching an average price of $4.09 a gallon in San Diego County.
Prices have increased 27¢ in the last 7 days, and almost 40¢ in the last two weeks, representing an 11% increase in less than 14 days.
Given the velocity of the current price trajectory, and the fact that it is occurring this early in the year, suggests that 2013 will probably be the most expensive year for gasoline in the history of the state of California.
Submitted by AgentOrange on Mon, 02/04/2013 - 11:41
Submitted by AgentOrange on Fri, 02/01/2013 - 14:32
A new analysis by UCAN, the Utility Consumers' Action Network shows that San Diego and California gas prices have exceeded the record high for any January in U.S. history.
"This could be the beginning of a possible superspike in gas prices," says UCAN's Gasoline Project manager, Charles Langley.
Gasoline currently averages $3.90 a gallon in San Diego -- The highest price ever for this time of year.
Submitted by Charles Langley on Thu, 01/17/2013 - 15:43
San Diego gas prices increased 3.3¢ a gallon since Monday, matching the rate of increase we saw during the entire month of December in 2012.
We predict that gas prices could climb as much as 5.5¢ a gallon by Monday, despite reports of healthy inventories of gasoline on the West Coast, and relatively stable oil prices.
On Monday morning, the market barely seemed to have a pulse. The three factors came into play:
Submitted by Charles Langley on Mon, 11/05/2012 - 15:21
On Thursday we predicted that gas prices would fall
Today, our look at wholesale prices shows that despite
We predict that prices will drop on average by 4 to 10¢
Submitted by AgentOrange on Thu, 11/01/2012 - 15:33
Why Hurricane Sandy will help lower our gas prices
We've said it before: "Driving rain drives down gas prices."
And when a hurricane is in play, you can expect gas prices
The primary reason is demand destruction: On the East