Calif. gas prices equal all-time high

[Nova78]

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......

 

[waltky]

If gas prices keep comin' down Uncle Ferd gonna soup up the pick`em-up truck...

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]

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......

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]

OP's link is dead and kinda old like the thread.

Here is from today: MAP: After slight decline, gasoline prices edging higher in Southern California | 89.3 KPCC

The average price of a gallon of self-serve regular gasoline in Los Angeles County Friday is $3.74, the second highest in California. The highest average price in the state is $3.78 in San Luis Obispo County. The lowest: $3.45 in Yuba City.

The Orange County average price is $3.71.

 

[Mr. H.]

Crude is down a bit, but gasoline stocks are tightening up