What's new
US Message Board - Political Discussion Forum

Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

Calif. gas prices equal all-time high

Nova78

Gold Member
Joined
Dec 19, 2011
Messages
3,311
Reaction score
1,019
Points
200
Location
Colorado
Calif. gas prices equal all-time high | US National Headlines | Comcast

The price of gasoline equaled the all-time average high in California of $4.61 a gallon Saturday, fueled by a reduced supply and a volatile market.

Prices throughout the state were expected to increase for several more days before leveling off, after a temporary reduction in supply triggered a price spike that saw fuming motorists paying $5 or more per gallon in some locations and station owners shutting down pumps in others.

AAA's Daily Fuel Gauge report released Saturday said the average price for a gallon of regular unleaded across California rose 12 cents from its Friday mark of about $4.49.

Saturday's price, the highest in the nation, equaled the record average high for California set in June 2008 of $4.61.

Get rid of Obama and his job killing energy policies......:eusa_hand:
 

waltky

Wise ol' monkey
Joined
Feb 6, 2011
Messages
26,211
Reaction score
2,585
Points
275
Location
Okolona, KY
If gas prices keep comin' down Uncle Ferd gonna soup up the pick`em-up truck...
:clap2:
Oil falls below $96 amid growing stockpiles
Jan 25,`13 -- The price of oil fell below $96 per barrel Friday as stockpiles of crude outpaced expectations.
Benchmark oil for March delivery was down 15 cents to $95.80 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract gained 72 cents to finish at $95.95 a barrel on the Nymex on Thursday. Recent optimism about improving economies in the U.S. and China has helped support an upswing in oil prices. The U.S. housing and jobs markets have shown improvement, while China's manufacturing output has been gaining steam.

However, Michael Hewson of CMC Markets said that "prices could slip back" if crude inventories continue to rise. The Energy Information Administration said Thursday that U.S. oil supplies rose by 2.8 million barrels last week, more than analysts expected. That pushed oil stockpiles to 363.1 million barrels, up 8.5 percent from year-ago levels.

Brent crude, used to price international varieties of oil, fell 24 cents to $113.04 per barrel on the ICE Futures exchange in London. Hewson said the price of Brent is "stuck firmly in a dead zone of inactivity, but near its recent range highs." In other energy futures trading on Nymex:

- Wholesale gasoline fell 0.7 cent to $2.87 per gallon.

- Natural gas shed 0.2 cent to $3.444 per 1,000 cubic feet.

- Heating oil dropped 0.2 cent to $3.074 a gallon.

Source
 

ABikerSailor

Diamond Member
Joined
Aug 26, 2008
Messages
50,909
Reaction score
10,795
Points
2,040
Location
Amarillo TX
Calif. gas prices equal all-time high | US National Headlines | Comcast

The price of gasoline equaled the all-time average high in California of $4.61 a gallon Saturday, fueled by a reduced supply and a volatile market.

Prices throughout the state were expected to increase for several more days before leveling off, after a temporary reduction in supply triggered a price spike that saw fuming motorists paying $5 or more per gallon in some locations and station owners shutting down pumps in others.

AAA's Daily Fuel Gauge report released Saturday said the average price for a gallon of regular unleaded across California rose 12 cents from its Friday mark of about $4.49.

Saturday's price, the highest in the nation, equaled the record average high for California set in June 2008 of $4.61.

Get rid of Obama and his job killing energy policies......:eusa_hand:

Actually, this is because of refinerys shutting down for whatever reason (maintenance, getting old, blowing up, etc.).

Currently, the gas prices in Amarillo TX (as of 24 Jan 2013) are mostly under 3.00/gal
 

SteadyMercury

Gold Member
Joined
Jan 1, 2013
Messages
4,731
Reaction score
1,202
Points
190

USMB Server Goals

Total amount
$191.00
Goal
$350.00

New Topics

Most reactions - Past 7 days

Forum List

Top