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pj2becca21
Does obama really want to lose the Election in Cali ( pic) another update page 4
October 4, 2012 at 7:00 PM

So if you live in cali and you got gas, listen to the news, or watch it today; gas prices have gone up $.50 Since yestarday...... yestarday i drove by the gas station it was &3.99 and to day when i got gas at the same station  it was $4.49 ...... wtf!!!!!!! I put $20 in my tank ( i only had $30 in the bank and $8 for a monthly fee) and i Only got 3.45 gallons!!!!

well here is the reason why 

(Updates California spot prices in fourth paragraph, Nymex futures in fifth paragraph.)


Oct. 4 (Bloomberg) -- Gasoline station owners in the Los Angeles area including Costco Wholesale Corp. are beginning to shut pumps because of supply shortages that have driven wholesale fuel prices to record highs.

Costco’s outlet in Simi Valley, 40 miles (64 kilometers) northwest of Los Angeles, ran out of regular gasoline yesterday and was selling premium fuel at the price of regular, Jeff Cole, Costco’s vice president of gasoline, said by telephone. The company hasn’t been able to find enough unbranded summer-grade gasoline to keep its stations supplied, he said.

The gasoline shortage “feels like a hurricane to me, but it’s the West Coast,” Cole said yesterday. “We’re obviously extremely disheartened that we are unable to do this, and we’re pulling fuel from all corners of California to fix this.”

Spot, or wholesale, gasoline in Los Angeles climbed 30 cents to $1.45 a gallon over gasoline futures traded on the New York Mercantile Exchange, data compiled by Bloomberg show. That’s the highest level for the fuel since at least November 2007, when Bloomberg began publishing prices there. The premium has surged $1 this week. On an outright basis, the fuel jumped to $4.3396 a gallon.


Prices Jump


Gasoline at the pump gained 8.3 cents to $4.315 a gallon in California yesterday, according to AAA.com, 53.1 cents more than the national average of $3.784. In Los Angeles the price was $4.347. Gasoline futures for November delivery on the Nymex rose 11.15 cents to $2.911 a gallon at 1:35 p.m. today, after falling yesterday to a 10-week low. Retail price movements tend to lag behind those of futures.

Low-P, a gasoline station in Calabasas, California, 30 miles west of Los Angeles, stopped selling unleaded gasoline Oct. 2 and ran out of high-octane and medium-octane fuel yesterday, John Ravi, the station’s owner, said by phone yesterday. Ravi said he posted an “Out of Gasoline” sign on each pump and took down the prices outside his shop.

“I can get gas, but it’s going to cost me $4.90 a gallon, and I can’t sell it here for $5,” Ravi said. “If you come here right now, I’ve got some diesel left. That’s all. My market is open, but no gas.”

A Chevron Corp. oil pipeline shut down last month, an Oct. 1 power failure at Exxon Mobil Corp.’s Torrance refinery and units down at other plants have cut supplies in the market.

Spot California-blend gasoline, or Carbob, in San Francisco surged 30 cents to $1.40 a gallon over futures, also the highest level since at least 2007, at 1:12 p.m. New York time.


‘Not Worth It’


“We’re going to start shutting pumps Friday,” Sam Krikorian, owner of Quality Auto Repair in North Hollywood, said by phone yesterday. “Gas is costing me almost $4.75 a gallon with taxes. There’s no sense in staying open. The profit margins are so low it’s not worth it.”

Exxon’s 150,000-barrel-a-day Torrance refinery may flare gases for a week as it restores production after a power failure that shut some units and slowed output from others, Gesuina Paras, an Exxon spokeswoman in Torrance, said by e-mail Oct. 2.

Chevron’s Kettleman-Los Medanos pipeline, which carries crude from Kern County to Northern California refineries operated by Royal Dutch Shell PlcTesoro Corp. and Valero Energy Corp., remained shut after elevated levels of organic chloride were detected in the oil.

Phillips 66 is also scheduled to perform maintenance on process units at its Rodeo and Los Angeles refineries this month, people familiar with the schedules said.

Chevron’s 240,000-barrel-a-day Richmond plant, the largest refinery in Northern California, has been running at reduced capacity since a fire Aug. 6.


’Squeeze is On’



Read more: http://www.sfgate.com/business/bloomberg/article/California-Gas-Stations-Begin-to-Shut-on-3919421.php#ixzz28NFKjQYJ



Replies

  • Sisteract
    October 4, 2012 at 8:27 PM

    Obama does not control gas prices.

    If you want to breathe clear air amongst all those cars, you get the regs that assist with that, hence higher prices.

    You want everything on the cheap, you have to move to the outlying areas [think the middle of the country]- be prepared for a lower salary too.

  • Sisteract
    October 4, 2012 at 8:29 PM

    Any chance that you can move? CA is clearly not for you.

    Kill the planet and no one will need to worry about gas prices-

    Quoting pj2becca21:

    We need to drill here!!!!!!!!!!! and Obama need to get off his Fing high horse and pull the enviromentalist out of his butt, really think about the American people and not about getting re-elected 

    Quoting mylove415:

    My thoughts exactly!

    Quoting trippyhippy:

    WTF does Obama have to do with gas prices in Cali?  Did he start the refinery fire?




  • trippyhippy
    October 4, 2012 at 8:32 PM
    Quoting pj2becca21:


    Sorry Hun but San Onofre is still closed because they are still trying to figure out what is causing the vibrations that are screwing up the machinery. Obama has zero to do with that. Do you think they should just turn it back on and not care that it very well could explode killing thousands? Would that be a good plan in your eyes? The company that runs it hasn't even even filed their report detailing their plan for reopening. Again, how is that Obams fault?
  • jean_marie1987
    October 4, 2012 at 10:28 PM
    Love the fluctuation in VA. It was up last week and started going down this week.


    Quoting PeeperSqueak:

    What a deal !    LOL

    I'm in VA also and it's been going down a couple cents, then another few days it's up about 10 cents. 


    Quoting jean_marie1987:

    Gas has been going down here. I just got it today for $3.53/gal.





    Quoting pj2becca21:

    And that 2 days ago would have gotten me almost 6 gallons!!!!!!! 

    Quoting imamomzilla:

     OUCH! It's $3.99 /gal here. Grr






  • _Kissy_
    by _Kissy_
    October 4, 2012 at 10:29 PM
    I guess I'd be moving out of that expensive, hurricane rattling state.

    Which we did in 1989. Lived in yucaipa/San bernadino area.
  • katzmeow726
    October 4, 2012 at 10:37 PM

    Now, you know full well that Obama set the fire, spread chlooride at one, and turned of the power to the third.

    Sheesh...must be those obama blinders *wink*

    LOL! 

    Quoting jaxTheMomm:

    So, there was a fire at one refinery, elevated levels of chloride were found at another, and a power failure at a third.

    Just what do you think the POTUS can do about this?


  • LIMom1105
    October 4, 2012 at 10:45 PM
    Quoting gsprofval:

    The president does have a say in the price of gas. He has not allowed for offshore drilling or fracking. He has implemented so many regulations via executive orders that it's almost impossible to even get U.S. oil any more.


     




    Yes, maintaining the environment is quite a pesky little thing, isn't it?
  • imamomzilla
    October 4, 2012 at 11:08 PM

     Funny, when the gas prices went up when GWB was in office, the media sounded the alarms and the left wingers whipped themselves up into a frenzy.

    But with Obama, eh....the President doesn't have any control.

    Gotta love the hypocrisy and double standard.

    SSDD

  • imamomzilla
    October 4, 2012 at 11:11 PM

      Barack Obama is the “Under my plan, energy prices will necessarily skyrocket” president. Barack Obama is the president who has literally said he WANTED gas prices to go up as long as the increase was gradual so he wouldn’t get blamed. Barack Obama is the president who appointed an Energy Secretary who is literally on the record saying he wanted to see U.S. gas prices at $9-$10 a gallon.

    (startthinkingright)

  • ReadWriteLuv
    October 4, 2012 at 11:33 PM
    It's not hipocracy when the previous president made all of his money from oil, and his major campaign contributions were from big oil companies.

    Quoting imamomzilla:

     Funny, when the gas prices went up when GWB was in office, the media sounded the alarms and the left wingers whipped themselves up into a frenzy.


    But with Obama, eh....the President doesn't have any control.


    Gotta love the hypocrisy and double standard.


    SSDD

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