Normally gas prices come into the New Year like a lamb and then roar like a lion in May. Not this year. In 2011, they're roaring out of the gate with a two-year record high.
Gas prices in Southern California reached a 25 month high this morning after surging nearly a nickel over the weekend. The last time gasoline cost this much in California was on October 22, 2008 when oil cost less
than $70 a barrel ($1.60 a gallon)
Oil is currently selling at $89.04 a barrel on the NYMEX (2.12 a gallon), the highest price for oil since Since May, 2010, when oil closed at $94 a barrel, or $2.23 a gallon. At that time the average price of gasoline in Southern California was $3.11 a gallon. Regional tables showing price movements in the last week below.
x~~~~x~~~~x~~-~ BEGIN San Diego 1:02 PM October 14, 2010 ~~x~~~~x~~~~~-~~~x~~~-~
When Indies can't compete, the majors cheat.
British Petroleum SNAFU could halt flow of 25% of all gasoline sold in Southern California, 40% of all dieselSubmitted by AgentOrange on Thu, 08/05/2010 - 17:01
Southern California gas and diesel prices will likely surge another two to six cents over the weekend thanks to panic buying at the wholesale level in response to a flaring event at British Petroleum's Carson California.
Judge stops drilling in Alaska. Cites violations in environmental law by the Federal Minerals Management ServiceSubmitted by AgentOrange on Thu, 07/22/2010 - 16:34
Its an open secret that the United States Government Minerals Management Service is utterly corrupt. It's one case where the tools who operate the machinery of government are greased by a well-oiled energy lobby that's always eager to supply drugs, money, and sex to the government employees who regulate them.
UCAN's survey of local gas prices shows that prices for gas peaked on Friday at $3.14 a gallon and then dropped by 1.6¢ early this morning. Right now wholesale prices for gasoline are softening. In addition, the new "Swap Tax" on gasoline has now been imposed and incentives for dealers to draw down their supply of fuel to avoid an extra state mandated storage fee of 17.3¢ a gallon for any fuel in inventory at 12:01 AM on July 1, has passed ... kind of like a kidney stone. More later.
|Gas prices climb
a penny overnight
to $3.143 a gallon,
the highest price in
By Charles Langley - I rarely call politicians and ask them to resign, but I did so this morning after learning that the top Republican on the House Energy and Commerce Committee, Joe Barton of Texas "apologized" to British Petroleum's CEO Tony Hayward for the way his company has been treated by the Obama Administration.
(Editor's Note: We posted an update on Joe Barton's pandering to Big Energy on August 24, 2010)
Charles Langley: The situation in the Gulf has become so deeply disturbing, so utterly wrong, that we want you to know that British Petroleum is the parent company of Arco.