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California Gas Price Hits Record $4.614 Per Gallon
We have covered the great California gas rush in the past few days, and here is the confirmation. According to the AAA fuel gauge report, the average California gas price just hit an all time record of $4.614, and shows no sign of slowing down.
From LA Times:
California’s average gasoline price set a record Saturday of $4.614 for a gallon of regular, up 12.8 cents overnight – but anyone who filled up in the last few days probably isn’t surprised.
Gasoline prices skyrocketed after the Exxon Mobil refinery in Torrance was knocked offline Monday by a power outage. Other lingering refinery and pipeline problems also contributed to the soaring costs at the pump.
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.
Saturday’s record, as measured by AAA’s daily fuel price survey, replaces the old record of $4.610 set in 2008. If it’s any comfort, and it probably isn’t, that's only a nominal record because when adjusted for inflation, the old record equals $4.93 in 2012 dollars.
Analysts say prices might begin leveling off next week as fuel traders digest the news that the Exxon refinery returned to service on Friday. But other refinery difficulties and maintenance could keep California’s prices significantly above those in other parts of the nation.
Around the state, Los Angeles drivers were paying an average $4.661, Orange County’s average was $4.650 and San Francisco was at $4.689.
We are about to find just how perfectly elastic gasoline prices are in a state in which people get in their cars to pick up their mail...
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Team Obama could fake the BLS number yesterday, how are they going to fake this one? You can't burn paper gasoline in your tank. Whatever shall they do?
Real tragedy is that super-efficient alternatives have existed for at least 6 decades. Current motor/mechanical-inefficieny is the crux of the problem, not the shortage/peaking of oil.
We have been or are made to look like really bad engineers by our "product designed" world.
ori
http://squareandc.net/vision.html
Held hostage by a 100 year old technology. Yep, we're retarded alright.
On the plus side, I learned how to play and sing the best version of an old awesome drinking song.
https://www.youtube.com/watch?v=leVxwYdteJs
Drink up lads, it's gonna be a painful journey to $7/gal (where I think things will start to fall apart lol).
Walk or bike bitches
On the other hand...in Europe most cars are manual and diesel with 40-50mpg.....
Technology is already here. Taxes are too high.
Biking too much affects a man's groin negatively. Used to be a 30-mile a day in the hills kind of cyclist. Biking for commute is alright, but I don't think I can ever make it exercise again. I like having a working penis...
Biking makes you gay. Look at the shorts. Err ... don't stare.
Love or hate lycra, cycling jerseys are way cool.
Uh .... OK, no need to start an argument over .... lycra.
This space for rent.
Ha you got it good, in Oz it swings between $5.85 and 6.75
Held hostage by a 100 year old technology. Yep, we're retarded alright.
Wrong,held hostage by exporting 28% of our domestically produced GASOLINE, and the .goobs, total want to, and failure to open the gates to drilling, and tapping known reserves, and allowing exploration in others.
All part of the master plan, to BREAK the society's fiscal back................
There is ZERO REAL reason for these prices, nada,zip,zilch.
There are individual oil wells all over the US that have been producing oil for 50 years, and most of them are producing about 20% of the amount they produced 50 years ago.
What do you recommend be done about those wells?
Got a old disel Benz that I converted to veg. oil. Bought it back in 08,07 when a barrel was just south of $150. Time 2 go to my friends resturant where I get all the free, filthy, used kitchen grease that is full of FF remains. Like mad scientists, we cook it all up in 55gal barrels and strain it w/ boot filters down to 10-20 microns. Then using aquariam pumps, put it into our old Benz's. We go to the local thrift store before we do it and buy one dollar shirts and pants. This process ruins clothes. When we are done, we throw the thrifty clothes away and drive nude back to our homes. The nude thing started as a dare. It is now a tradition.
We end up w/ about 100 gals. of refinded veggie oil. Total cost if I pretend to pay my buddy and me Cali. minimum wage ($8.00 an hr.) 16x$8.00=$128.00 Since our 30year old Benz's have pre-ignition chambers, we get 36+ MPH if we pretend there is an egg between our foot and the gas peddle when we drive. Beats being a cry baby ZH'er pounding on a keyboard. Thank you for sharing that with us. Have a nice day!
US Army M35 cargo truck......Multifuel engine runs on all kinds:
http://en.wikipedia.org/wiki/M35_2%C2%BD_ton_cargo_truck
Another interesting option. Would'nt bother me driving it. In fact, I would love to pull up to a fancy resturant w/ my girl and watch the expressions on peoples faces when I have the Chauffer park the bitch..............
you can obtain year worth of free fuel from oil change places and haul it in the truck for self-suffiency
bullet proof metals...none of that plastic shit
Tell your date to take her shoes off and hold them high because it might get a little wet....
http://www.youtube.com/watch?v=Np-AxPUaotw
Also, you dont' need chauffer...just park it on the street
http://www.youtube.com/watch?v=mXc7Ckeywbc
Your a classic...............
I'm still into the park my car (barf: truck)" dud and I'll leave yea a big trip. " The expressions on peoples faces is worth the tip!
The Benz had 242,000 miles on it. I paid $1,700.00 for it. It is a 300 SD, 5 cyl. disel. I've put about $1,000 into it. New tires, struts, coolant by-pass, etc. Car now has 270,000 miles on it. Runs like a champ. Preventative maitenance is the ticket with any machinery. I take care of the car and don't wait until something breaks to fix it like most people do. The car has paid me big dividends. Those Germans really know how to make good stuff. The dash clock still runs a keeps perfect time. Amazing! How long do American dash clocks last 1-2 years, then they are toast. I'll share this very easy technology w/ anyone that asks. Actually, you don't need me. There are many companies making conversion kits out there. Just do a goggle Doing this saves you the huge up-front costs of Hybrids and stupid electric cars called the Volt.
Ive got 3. 83 tdt 83 sd and 85 sd all on wvo. Thru towel then home heating oil filter then into tank. Screw the oil men. Bring on $10 gas. Adapt or die.
I doubt that 100 million people can find friends that own a restaurant. Where do you suggest they get their used cooking oil?
Get off your high horse. Nobody likes an arrogant asshole
You're a stupid asshole! Blow me, moron!
Prices will be getting a lot higher before this is all over.
http://jimrickards.blogspot.ca/
That's great
Hope he's right. It gets expensive having to pay my chauffeur minimum wage as the riff raff clog up traffic, to say nothing of my wasted time. Plus I could use the added dividend income from my oil company holdings to help with the docking fees and maintenance on my new yacht.
Gasoline is actually still pretty cheap when measured in real money:
http://www.youtube.com/watch?v=QPwZ-wQFFu8
Current price is only about $0.18/gallon:
http://www.coinflation.com/
Even cheaper than in 1964...
Following the stock market back a ways, as best I've been able to tell, Republicans seem to favor oil companies and military. Democrats seem to be more in favor of banksters. And that also is resonable because military and oil compete for dollars with banksters. So, they are going to crank the price of gasoline to the sky before the elections. And the many wars also can be blamed on Obama.
Side Note: Why is there a fat T in the background of q99x2's symbol. Think Gobekli Tepe. Why are the two ellipsoids perfectly balanced one on top of the other in front of the fat T. Side note for another time.
Gas was $1.89 when 0butthole was inaugerated. Seems like he's the one favoring oil companies when prices have tripled in 4 years
Either way, both sides favor the people who give them money
The prices shot up because of a "power outage" which shouldn't have this much impact...unless there's something more to the story!!!
First a fire, then a power outage that only shut down some production units. Something's fishy in Denmark.
"The immediate cause of the California price rise was a power failure at Exxon Mobil’s Torrance, Calif., refinery on Monday that shut down some production units at the 150,000-barrel-a-day facility. The company on Friday said the refinery had resumed normal operations. Supplies on the West Coast had already been tight because of an Aug. 6 fire at Chevron’s 245,000-barrel-a-day Richmond, Calif., refinery, which has still not been restored to full production."
http://www.nytimes.com/2012/10/06/business/energy-environment/high-gas-prices-in-california-have-drivers-scrambling.html?_r=1&
Yeah right after Obamaramaphone said he hates Exxon
Yeah right after Obamaramaphone said he hates Exxon
1. most populace state
2. highest per capita income per state.
3. liberal retards wont qestion authority.
4. NWO to test rapid inflation here for all U.S.
5. will they revolt or just pay up like the dull pukes that they are?
This is a test to see how people respond to $5.00 p/gln gas.
Shortage of refinery cacpacity at present more crucial to fuel supply than crude. With this tool in hand the despots can turn it on and off like water at kitchen sink.
Look like a hero when supply back up.
Cue L.A. riots in 3-2-1...
Well, maybe not until food supplies follow suit.
It will be Bush's fault
Anybody who suggests otherwise is RAYCESSS!
that's why they let half black guy in the white house.....
so blacks think everything is alllllright.
and you think Bush really gives a shit what you think?
The Mexicans will get their gas!
No, you're thinking of the summer of 2008. IIRC, it ended with truckers parked on the side of the freeway because it was more economical than hauling.
$4.61 = EUR 3.54
1US Gallon = 3.785 Litres
$4.61 / Gallon = EUR 0.93 / Litre.
In Europe ( Germany ) we pay EUR 1.70 / Litre = $8.43 / Gallon
Over half of it is Tax of course !
FWIW
Sigh, yeah, oh for the long long long ago days of petrol or diesel as cheap as only
$4.614 Per Gallonbut of course it is only another way to tax your income that is already taxed before you buy fuel that is extremely heavily taxed yet again. So people are slaves because they spend a lot of their time working just to pay tax, so in effect working for nothing
BINGO : "so in effect working for nothing"
business gets to expense fuel costs and write it off of taxes
51 cents per mile
sheeple pay the price + taxes on fuel + road taxes + insurance + car depreciation....alll to be able to go to work.
they don't write it off taxes. please take a basic accounting course
GR - CGS - EX = NI
Just done a quick calculation for the UK at £1.39 per litre, comes out at $8.487 per US gallon.
DavidC
US petrodollar at work.
you euros always seem proud of getting assraped for fuel
In NZ we pay NZD2.19 / Litre = NZD8.29 / Gallon @ 0.83 = USD6.88 / Gallon
True, it's astronomical in Europe, But your reasoning implies Americans should be glad to pay $4.60 and have to no reason to resent the cost increase. Do they start to complain about the taxes when they pay $8.43? Maybe then you'll be paying $17 so they still have no excuse to resent the price. Hmmm. Instead of telling Americans how little they pay, maybe you should question why you pay so much.
Surely the Bernank can print Gas from the magic presses?
DC Fusor will be along in 5...4...3...2... to tell you you why you should spend $40K to buy a VOLT...
The math goes something like ~ at a buck a gallon more for gasoline (= 40,000 gallons) times a 20 MPG average for a car, by the time you drive 800,000 miles, the Volt would have paid for itself... That's only 32,000 times it will have to be plugged in and recharged for a 25 mile trip folks! (or, once a day for the next 87 years)...
Francis_Sawyer wrote:
Yep. DC_Fusor has become annoying, almost as much as Million Dollar Bonus and Robot Trader.
-- Paul D. Bain
paulbain@PObox.com
And the battery (like any rechargeble) has a life of 1000-2000 charge cycles. So it would have to be replaced 16,000 times at a cost of $10-20k each time. Expensive car.
Trade gas and oil and the price doesn't matter to you. Make money when it goes up or down.
Has any schmuck on crap, nothing but crap come on and said ".hey...higher gas prices are good for the economy"?
I think they should change spelling..
SNBS...shills, nothing but shills
The media says people are used to over $4.00/gal gasoline. Time to raise the prices much higher.
Perhaps the breaking point is $7/gal gasoline.
I saw that too. You don't "get used to" paying more for food and fuel. You pay more for them you buy less of something else. Math has not been repealed yet.
Math hasn't been repealed yet? Then why did my math department--in kahoots with the bookstore--make me buy "new" books? Euclid would not approve.
Because releasing a new edition every year with little more than trivial additions and making deals with or forcing professors to adopt said new editions... it's like free dough. Who doesn't want free dough?
I never bought the new editions unless there were drastic changes and I graduated with a 3.8 GPA. Don't let them fuck you over.
Only at the Fed.
My theory is that they push it about $1/g higher than the price they want, then lower it back down and no one complains. Right now, they're pushing it up close to $6 here, then they'll lower it back down to just under $5 and everyone thinks they're getting a bargain! I've seen this time and again, and it works. Hardly anyone even talks about $4 gas around here now, when it first reached that price EVERYONE bitched like hell. Now, not a peep. Suckers...
Conditioning works.
Just look at the government nowadays.
"Conditioning works. Just look at the government run education system nowadays."
Fixed
You mean TV?
Too low. Gas should be $10 a gal to force fat fuck america to walk, bike, downsize, conserve and acknowledge that they are not entitled to consume half of the worlds resources by virtue of having the most hi tech weapons of mass destruction.
When you were a child ( assuming you had rational parents) you were told you can't always have what you want. Why do Americans, with religious like fervor, believe they should have whatever they want regardless of the consequences?
Jealous fuck.
We shouldn't consume half the world's resources because of weapons but because of the freedom to do so -- in other words 50% of the price should not be because of taxes, and the producer of the resource is entering into the exchange of their own free will. Backward collectivist countries do not typically consume much resources due to the total bullsheet results and process of central planning. But don't worry a few more years of usa flavor central planning and we will share in your economic misery -- you want the company it sounds like
I was told that by Mick Jagger.
The farmers market was busy today. If you stupid hippies think we will be trucking these organics to you at $7 a gallon your fucked. You want your organic lettuce than come and get it.
We sell to restaurants and grocery stores too. They will handle the price jump by passing on to you there. Eggs are $5 a dozen already and they are starting to bitch. Too bad get your own free range flock.
Madison Avenue would be a good place to start looking for the perps.
Why do you braindead left-wing chimps always compare US consumption to that of starving third world countries? Of course we consume more energy per capita than Rwanda. They are mostly living in mud huts with no running water or electricity. They consume no energy. Somehow we are bad because we have electricity and plumbing?
nice to see this, having moved out of that state a year ago, not needing a car where i currently live.
Plenty of big, old redwoods out there in Californyee to keep 'em warm.
If you mean in the stove, redwood doesn't burn.
Pour some of that $4.61-per-gallon gasoline on that wood, and it'll burn just fine.
Buy now or be priced out forever!!!
Gas in upstate New York has dropped a few cents to an average of $3.99/gal. I feel for the folks in California, but maybe this is what happens when you enact regulations that result in a more expensive fuel mix. I'm not saying the shut downs and issues with the refineries don't pay a huge role, but it seems to me they might be able to get assistance from neighboring states, but that fuel would not comply with California requirements. I'm just muttering out loud here. I could be way off base.
Gas yesterday afternoon my neighborhood: $4.55
Four hours later: $4.67
Costco, other stations, out of gas. Lines; People topping off.
Gasoline in Regina, Saskatchewan (yes a real place)
Oct 6, 2012 - $129.9 per liter or $5.91 canadian for a gallon of gas.
Tyler, I realize ZH isn't political (which your readers, including me, appreciate about it) but can you do a story on which states are in grave trouble vs those that are only heading for trouble?
Thou shall reap what the government has sowed
Joe 6packs aint got any inkjet printers. too sad.
Yes we can must have meant something else entirely
On July 23, 2012 I left Cali. for good, gas was $3.53 a gallon, regular. Where I'm at now, super unleaded, that is, 10% ethanol, is $3.55 not including a discount per gallon I can get at a grocery store.
Guess we need to figure out how to move 200 pounds around town without using 3,000 pounds of equipment to do it.
You'll have to figger out a way to add air-conditioning, XM radio, GPS, and rich Corinthian leather seats to your method of conveyance before it will become the ride du jour.
you can go back to riding a horse. then get rid of electricity and running water. perhaps you would prefer an outhouse and using candles or lanterns
What's the big deal, didn't they amend the state laws to read that you must own a Prius or Volt?
Go hug a tree.
Glad to hear about fuel prices going thru the roof in CA. They was always howling when the OCs wanted to build a new refinery out there. NIMBYs can now anty up and up and UP
It is way too cheap, tax should be increased to 10$ a gallon, God, I hate SUVs and giant pick-up trucks.
no comment -> http://www.youtube.com/watch?v=RYMu09mVlOw&feature=related
Yeah, especially when those ass holes take up two parking spots.
Now THAT is what you want to be driving when the zombie hordes attack.
Nobody is stopping you left-wing assholes from paying $10 gallon. If you insist on being a retarded chimp, don't force others to act like retarded chimps with you
It's just election year fun.
Of course the rise in price has nothing to do with refineries shutting down all across the country.
And the refineries shutting down are just one of life's mysteries. As is the small number of refineries. As is the concentration of refinery ownership.
But this is a free market, right?
Who is stopping Warren Buffett or George Soros from building refineries since they are such profitable businesses? That must be another of life's mysteries.
You're right. Refining is basically charity work. We should feel grateful that they bother at all.
Refining is probably outside of Warren Buffett's circle of competency. The "circle of competency" is part Buffett's investment philosophy, which no doubt you are familiar with.
BTW your avatar sucks.
Did I miss that rich bitch Nancy Pelosi blaming THIS one on speculators?
The bitch used to always blame the president for high gas prices before 2009.
Still too low.
Good, they asked for this idiot in the WH, they got what they deserved!
My doom/gloom side kicked into overdrive and wondered if this might
be something more than just a couple refineries coincidentally fucking
up and once. A larger scale supply issue? Anyone else think this a possibility?
California - no mass transit and 2 hour + commutes. An unsustainable screwed up model. But then everybody wants their own little house - make that 'McMansion' - even if they spend 4 hours a day on the road.
A hundred years ago you lived within walking distance of your job. We'll be heading back in that direction.
Anybody remember that oath the republican reps and senators took when they swore their party support in all matters for the ultimate goal of making the president look like he was doing such a poor job that he would fail to be re-elected? Well, the price of gas is nothing more than a profitable show of solidarity.
Cheap fuel for you!
Over here you pay €1.85 or more, per litre. That's $9.10/gallon.
See what we do in Europe, is TAX fuel. Good for governments, it reduces their deficits. It never stopped one person to drive their car, thus gas prices have proven mostly inelastic. If food prices double we'll eat less, but if gas prices double, nothing changes except the turnover in the petroleum industry.
Imagine if the great state of California actually introduced European-style taxes on fuel (yeah, we pay road tax per vehicle as well, every month, depending of car weight and fuel type). How much would they bring in extra for taxes? Would that not ut their deficit? Few people will really be affected. Those without cars, still don't drive. Some may find reason to take public transport of human powered vehicles (actually those are both common in my neck of the woods), and the rich folks will only act like they care and enjoy the slightly emptier roads.
Thank you so much for the European opinion.
Still Waiting................