California Gas Facts the MSM Doesn't Mention

[longknife]

by Dad29 @ Dad29: California Gas Facts the MSM Doesn't Mention

Since the news about $5.00++ gas prices in California came out, I've thought that Obozo could lose that State. Turns out that there's something to that.

...California has its own special blend of gasoline for environmental reasons that are now largely obsolete. This means that California can’t use the gasoline blends sold in Oregon, Nevada, or Arizona, which means that a refinery shortage here can’t be remedied by the usual means of bringing in more supply from somewhere else.

But President Obama could order the EPA to waive the gasoline regulations, and allow out-of-state gasoline to be transported and sold in California, delivering at least 10 to 20 cents a gallon of price relief, and perhaps much more.

The Smartest President Evaaaahhhhh! hasn't figured this out yet?

HT: PowerLine

 

[Oldguy]

Dad29 slept through American Government in high school. Did you too?

The President of the United States does not have the power, the authority or the right to step in and "waive" a state law.

 

[william the wie]

Possibly true excepting the interstate commerce clause but that might still cost Obama the election.

 

[Ravi]

Dad29 slept through American Government in high school. Did you too?

The President of the United States does not have the power, the authority or the right to step in and "waive" a state law.

heh. Can you imagine the outcry if he did?

 

[waltky]

$3.74 is low prices???

Gasoline prices finally begin to slide
18 Oct.`12 — Gasoline prices have begun their seasonal slide.

Better late than never, drivers say. The national average retail price has fallen for ten straight days and is now $3.74 per gallon. It could mark the beginning of the usual autumn decrease that was delayed this year because of refinery problems and high oil prices. Tom Kloza, chief oil analyst at the Oil Price Information Service, predicts drops of 5 cents to 15 cents per week for the next three weeks. Over the next several weeks the national average could be at or below where it was last year. "There's some nice relief coming," he said.

It can't come soon enough for Mary Hess, who commutes 40 miles each way from her home in Sodus Point, N.Y. to Oswego, N.Y., where she teaches English. She hasn't noticed much of a drop — she's still paying $4.04 per gallon to fill up her Buick Century. Gasoline is among the biggest parts of her budget — and she doesn't think it should be. "I'm frustrated more than anything," she said. Gasoline prices typically decline in the fall as refiners switch to cheaper fuel blends and drivers take a break from road trips. This year a series of refinery and pipeline problems sent gasoline supplies plummeting. That sent wholesale gasoline buyers and traders scrambling to purchase whatever they could, at ever higher prices, to secure supply. "It was a cluster of random coincidental events and the buying had a panic nature to it," Kloza said.

Gasoline prices were already steep — they were on track to set an annual record by mid-summer — because of relatively high global crude oil prices. Brent, the type of crude most important in determining the price of gasoline, has averaged $112 per barrel this year. Global oil demand is on track to set a record this year despite economic uncertainty. And the standoff over Iran's nuclear program has raised fears that oil supplies could be disrupted if tensions escalate. Against that backdrop, the nation's gasoline infrastructure got slammed. In August, ruptures to pipelines that serve the Great Lakes and refinery outages in Indiana and Illinois sent gasoline prices higher in the Midwest. Then a fire at a Chevron refinery in Richmond, Calif. crippled a major contributor to California's gasoline supplies. Then Hurricane Isaac forced several Gulf Coast refineries to shut or slow down operations.

More Gasoline prices _ finally _ begin to slide - Yahoo! News

 

[waltky]

Gas Prices May Drop 50 Cents...

Gas prices could soon drop 50 cents a gallon
Oct 20, 2012 - Early fall run-up in gasoline prices is fading fast. With inventories rising and demand slowing, wholesale gas prices are plunging. Consumers should see some major price cuts at the pump within weeks. Figure an average of $3.35 next month

Autumn gasoline prices are about to drop faster than fall foliage. With inventories rising and demand waning, gasoline prices could plunge 50 cents a gallon from October's $3.86 peak average over the next few weeks, providing a lift for the economy and possibly becoming a factor in next month's presidential election.

Gasoline, now averaging $3.72 a gallon, is expected to fall to $3.35 or lower by late November. In some regions, prices have already sunk below $3. "Most of the country is heading appreciably lower the next few weeks,'' says Tom Kloza of the Oil Price Information Service, who notes wholesale prices in some key markets have dropped from as high as $4.35 a gallon to $2.71. Pump prices typically lag big wholesale drops. But Kloza expects retail prices to sink five to 15 cents a gallon over each of the next three weeks.

The drop could provide a boost to consumer spending and influence next month's presidential race, where gas prices have been a hot-button issue for much of the campaign. Several battleground states, including Ohio, Pennsylvania and Wisconsin, are enjoying big price drops. "Certainly, lower gas prices are helpful in terms of consumer spending by increasing disposable income,'' says Brian Bethune, chief economist at Alpha Economic Foresights. "And if prices come down at a rapid rate in the next three weeks, that would tend to help the incumbent. It may not be logical, but if people see problems with the high cost of food or gas, it's the president who tends to get the blame."

Gas prices have remained stubbornly high well past their traditional Memorial Day weekend peak, due largely to supply shortages and refinery woes on the West Coast and Midwest. But with oil inventories rising and production issues ebbing, prices have been easing the past week, a trend likely to accelerate. "This is very much gravity at work,'' Kloza says. "The faster prices soar, the more prone they are to panic sell-offs." Kloza expects prices to bottom in the $3.30 range. Gasbuddy.com analyst Patrick DeHaan and energy analyst Brian Milne of Telvent DTN see a $3.35 bottom. Barring rising troubles in the Middle East or refinery issues in the U.S., prices could remain in that range through early 2013.

On Friday, gasbuddy.com was tracking some central Ohio stations selling gas for $2.97 a gallon. Gas prices remain stubbornly high in California -- the nation's priciest state averaging $4.51 a gallon -- although some stations are charging more than $5. Energy experts expect prices to bottom in the $4 range. "California is not completely out of the woods yet regarding supplies, and their refineries haven't been able to keep up,'' Milne says.

Gas prices could soon drop 50 cents a gallon

 

[Katzndogz]

I got gas day before yesterday, at $5.19 a gallon. If it drops 50 cents, it's not good enough. In California, we know that the reason for the high gas prices is because of the EPA and the AQMD. If Jerry Brown had not issued an order to the EPA and AQMD to issue the permits to put the Exxon refinery back on line, it would be up to $6.00 a gallon by now.

 

[Ravi]

I got gas day before yesterday, at $5.19 a gallon. If it drops 50 cents, it's not good enough. In California, we know that the reason for the high gas prices is because of the EPA and the AQMD. If Jerry Brown had not issued an order to the EPA and AQMD to issue the permits to put the Exxon refinery back on line, it would be up to $6.00 a gallon by now.

Is there any day you don't "got gas?"