Posted on 09/26/2019 7:26:44 AM PDT by C19fan
Gas prices in Southern California continued to soar following the Sept. 15 drone attacks on oil facilities in Saudi Arabia.
The average price of gas in Los Angeles jumped three cents Wednesday to $3.85 per gallon and was expected to pass the $4 mark in the next few days, according to Gas Buddy senior petroleum analyst Patrick DeHaan.
Gas prices could be on their way to $4.15 and $4.30 per gal in the next 10 to 14 days, DeHaan reported.
(Excerpt) Read more at losangeles.cbslocal.com ...
And we need more refining capacity.
LMAO!!! Good luck with that.
You’re kidding....right? Soon may be paying? We’ve been paying over $4 for quite a while...$4.18 for premium fill up yesterday - Just shy of $70 for a full tank (Acura RLX).
>>And we need more refining capacity.
That’s the real issue here.
Gas prices in rural N.GA were running around $2.29 before the attacks, although I did see one station at $2.14 for a few days. After the attack gas bumped up to $2.69 but came down to $2.49 pretty quickly. I think we’ll be back to $2.29, or lower, shortly.
Wouldn’t be unprecedented.
Let’s see; the price of oil (POO) is right back to where it was pre-attack +/- 50 cents.
Supposedly over 90% of the KSA refining capacity is back online. (If you want to insist upon being skeptical of something, I could accept *any* report from KSA)
The $6 ramp in oil came off in TWO DAYS. To me; the market does not lie.
So, it would make total sense for gas to stay @ $4 for six or so months. /s
True.
in addition to the federal gas tax, California has its own state gas tax, plus a global warming tax on every gallon, plus adds sales tax on gasoline sales.
Whenever I’ve traveled to Arizona, it’s stunning to see how gas is generally about $1 per gallon cheaper there than in California.
I just paid $2.39.9 a gallon at Walmart Murphy's in North Central Florida. Glad I don't live in NY or Californicate...
So how is this tax reducing global warming? How is it being spent?
I don’t know. I’ve never heard anyone specify how the global warming tax funds are being spent. The tax itself fluctuates somehow based on the prices of carbon credits in financial markets. It’s estimated to be about 25 cents a gallon, but it fluctuates so we never really know how much that particular tax is.
I think we all know that this tax doesn’t reduce global warming, any more than you reduce global warming if you buy carbon credits with Al Gore.
Can’t understand that. The price of oil is right where it was before the attacks.
Here in Central Kentucky, I paid $2.38 a gallon for gas yesterday.
“Whenever I’ve traveled to Arizona, it’s stunning to see how gas is generally about $1 per gallon cheaper there than in California.”
What is more amazing is that Arizona has no oil refineries of its own. All the gasoline comes from CA and TX.
Gas was $4.35 when we left in 2015. Four bucks is nothing to these people.
They should be just south of $5 by now, since they voted themselves another tax increase.
When I first rolled into Tennessee in 2015, I marveled at the gas station signs and tried to figure out why they would be selling it in liters in Tennessee. $2.27? What?
“in addition to the federal gas tax, California has its own state gas tax, plus a global warming tax on every gallon, plus adds sales tax on gasoline sales.”
They also have a proprietary blend and cannot import fuel from other states when they run low. Genius.
Didn’t Bammy and his minions want $6 gallon gas?? Why should the Looney Lefties in CA be crying?
True. I’ve heard that proprietary blend also adds to cost, because it apparently is more expensive to refine that particular blend of gasoline.
Why, cloning Greta Thunbergs, of course.
Here in southern Arizona, I just paid $1.79 to fill up at the local Texaco station using my Safeway Just-4-U points. Between taxes, regulations and mandatory “seasonal blends” (pumpkin spice for autumn?) my sister in Palm Springs, Calif., pays somewhere in the neighborhood of $4.
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