Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Average L.A. gas price jumps to $2
Press-Telegram ^ | January 16, 2009 | Wire Services

Posted on 01/16/2009 6:22:39 PM PST by dbz77

The average price of a gallon of self-serve regular unleaded gasoline in Los Angeles County crashed through the $2 mark today for the first time since Nov. 29, rising 1.7 cents to $2.006.

(Excerpt) Read more at presstelegram.com ...


TOPICS: Business/Economy; US: California
KEYWORDS: california; economicilliterate; gas; gasprices; kookthread; losangeles; winterblend
Navigation: use the links below to view more comments.
first previous 1-2021-31 last
To: dbz77

They gotta start now. If they don’t they’ll never get the average price over $5 this summer with gas at $6.50 in Kalifornicia


21 posted on 01/16/2009 6:46:37 PM PST by upchuck (Get ready for 2009: Pray; Raise/conserve cash; Pay your debts; Pray; Stockpile; Buy ammo; Pray)
[ Post Reply | Private Reply | To 1 | View Replies]

To: quantim

ah...so the cost of fuel itself has not changed, but that fuel taxes are being jacked


22 posted on 01/16/2009 6:52:53 PM PST by SisterK (UN Headquarters should relocate to Iran)
[ Post Reply | Private Reply | To 18 | View Replies]

To: getmeouttaPalmBeachCounty_FL
Sarah Palin’s “Drill Baby Drill.”

Sarah refused Exxon a permit to build a ice road at Point Thompson so they could DRILL. Meanwhile price of gas here in Alaska jumped to $2.45 today. I would love to have kalifornia gas up here.

23 posted on 01/16/2009 7:13:17 PM PST by strongbow
[ Post Reply | Private Reply | To 10 | View Replies]

To: FlingWingFlyer
Why?

Because refiners slashed production.
24 posted on 01/16/2009 7:15:37 PM PST by mysterio
[ Post Reply | Private Reply | To 2 | View Replies]

To: mysterio

I guess that’s one way to get the price back up to four bucks.


25 posted on 01/16/2009 7:18:41 PM PST by FlingWingFlyer (CIA Director!....So easy, a caveman can do it!)
[ Post Reply | Private Reply | To 24 | View Replies]

To: FlingWingFlyer

Supposedly, refiners have been losing money all year long like the poor gas station owners who sell gas as a public service. It’s amazing that anyone still sells gasoline if it’s as unprofitable as some argue.


26 posted on 01/16/2009 7:21:20 PM PST by mysterio
[ Post Reply | Private Reply | To 25 | View Replies]

To: dbz77

Don’t worry it’s just the Bush cronies trying to make millions again....NOT


27 posted on 01/16/2009 7:23:19 PM PST by sniper63 (Silent and stealthy - one shot - one kill)
[ Post Reply | Private Reply | To 1 | View Replies]

To: dbz77

“O”pec Hoping the “O” man will reverse all of Bushes drilling plans after 1/20/09


28 posted on 01/16/2009 7:25:34 PM PST by sniper63 (Silent and stealthy - one shot - one kill)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ButThreeLeftsDo

The burros in LA have taken some of the demand off of the gasoline market.


29 posted on 01/16/2009 7:39:55 PM PST by oldtimer
[ Post Reply | Private Reply | To 6 | View Replies]

To: dbz77
From the Whittier Daily News:

"...Motorists probably won't see last week's retail prices again at least until July, said Tom Kloza, chief oil analyst for the Oil Price Information Service in New Jersey.

Kloza blamed refinery problems, refinery maintenance, and the fact that California refiners had upped their production of cheaper grade gasoline for sale to other states while producing less California-grade fuel.

Bob van der Valk, a fuel-pricing analyst with 4Refuel Inc. in Lynnwood, Wash., said California's rising gas prices are essentially the result of in-state refinery problems.

"There's a big Arco refinery in Carson that's in a full-blown turnaround to summer-grade fuel," van der Valk said Thursday. "They had a glitch back in November and were down for six weeks."

And when a refinery goes down, that eats into the supply of gas that's available to California motorists.

Another ConocoPhillips refinery in Rodeo, Calif. has also had difficulties, van der Valk said, but the biggest headache is coming out of Bakersfield.

The Big West Refinery, purchased from Shell by Flying J just four years ago, is on the ropes, he said. "It supplied about 2 percent of the gasoline and 6 percent of the diesel consumed in the Golden State," van der Valk said. "The parent company, Flying J of Ogden, Utah, declared bankruptcy just before Christmas last year and their house of cards seems to be falling in on them as suppliers cut off their life's blood crude oil supplies for non-payment of past due bills."

Van der Valk said California gas prices will likely hit $2.50 a gallon by summer.

"They make 10 percent less gas in the summer than in the winter because the summer gas has to meet a re-vapor pressure standard," he said. "That ensures that a car won't knock."

Van der Valk also noted that other independent and major oil company refineries have cut back production to meet current lower gasoline demand levels.

Phil Flynn, an analyst at Alaron Trading Corp., said the days of sky-high crude prices are gone - at least for now.

"The bull oil era is officially over," he said Thursday.

30 posted on 01/16/2009 8:07:16 PM PST by concentric circles
[ Post Reply | Private Reply | To 1 | View Replies]

To: dbz77

Barak’s fault. I am going to enjoy this.


31 posted on 01/16/2009 8:10:52 PM PST by ilgipper
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-31 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson