California’s average gasoline price set a record Saturday of $4.614 for a gallon of regular, up 12.8 cents overnight…..
……Several service stations are charging more than $5 a gallon for regular gasoline. Some have stopped selling gas because they don’t want to pay the high wholesale price, which reached a record Thursday but eased somewhat on Friday.
The price increases could continue for weeks and the average might even break the $5 mark, according to experts.
Refinery and pipeline mishaps, along with the state’s strict pollution limits are all, in part, to blame. They’ve sent wholesale prices soaring to all-time highs this week.
One of the disruptions involved a power outage on Monday at the Exxon Mobil plant in Torrance, which normally produces 150 millions barrels of gas per day.
Additionally, Chevron‘s Richmond plant, the largest refinery in Northern California, has been running at reduced capacity since a fire Aug. 6.
At the same time, California refineries have dropped production in recent weeks in anticipation of switching over to a “winter blend” of gasoline, which emits more pollutants, next month.
But California’s summer-blend fuel requirements are in effect in Southern California until Oct. 31.
Because of the spike in wholesale prices, some gas station owners have stopped making purchases to fill their underground tanks.
Mom-and-pop stations are really feeling the squeeze. They’ve had to shut down because they can’t get gas from their regular distributor, or they can’t afford it.
Some gas stations around the Los Angeles area were forced to shut off their pumps because of rationing by suppliers, and they displayed makeshift signs explaining that the shortages were not their fault. Drivers formed long lines at stations that did have gas, with some stations raising prices to more than $5 a gallon for regular gasoline.
“What are they doing to us?” said Marilyn Tucker, a FedEx employee, as she stopped pumping at a central Los Angeles gas station at $37, well before the tank of her sedan was full. “It’s just ridiculous.”
You’re getting screwed. That’s what they’re doing to you. California is a cesspool of bat-shit crazy politics and regulations. Decades of this has finally succeeded in creating an economic meltdown. Sound familiar?
Roger Hedgecock is former mayor of San Diego and a nationally-syndicated talk show host. Using California as a microcosm, he describes in graphic detail, what to expect if Obama is given the chance to continue his destruction of America.
It’s already happening.
- California Gas Stations Shut as Oil Refiners Ration Supplies (conservativeread.com)