California Wakes Up To Another Record High Gas Price

Tyler Durden's picture




 

Gas stations across California - from San Diego to San Francisco - are seeing increasing price-sensitivity by drivers with lines at the 'cheapest' and empty lots at the priciest. It seems yet another weekend of hyperinflating gas prices has pushed the until-now seemingly uncaring-at-the-margin gasoline-'user' to seek out rationally lowest prices. Credit card caps at pumps are also causing problems as the typical SUV-driving soccer-mom needs multiple lines to fill up the family people-mover. Gas prices rose 5c on average over the weekend alone to an all-time record high price of $4.668 (for Regular) - up 86c (or 22%) in a year and 12% in a week.

 

 

Source: AAA

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Mon, 10/08/2012 - 08:43 | 2867221 Vagabond
Vagabond's picture

The 400% increase in gas prices over the last 10 years is definitely transitory

Mon, 10/08/2012 - 08:53 | 2867246 GetZeeGold
GetZeeGold's picture

 

 

Can't afford any gas.......please throw some hope and change in there.

 

Hope it's enough to make it home.

 

Mon, 10/08/2012 - 09:03 | 2867277 krispkritter
krispkritter's picture

(The) Dope and Deranged 2012!

Mon, 10/08/2012 - 09:12 | 2867299 TIMBEEER
TIMBEEER's picture

Why can't we have such ridiculous gas prices here in Europe?! 50% discount.

 

Mon, 10/08/2012 - 09:20 | 2867320 GetZeeGold
GetZeeGold's picture

 

 

Socialism rocks.....doesn't it?

 

Mon, 10/08/2012 - 09:36 | 2867386 Thomas
Thomas's picture

Did somebody spring the Enron boys from jail? California seems like it is back under control by the Death Star.

Mon, 10/08/2012 - 10:39 | 2867542 foodstampbarry
foodstampbarry's picture

Put a jedi robe on Moonbeam and it's Emperor Palpatine - Good call

Mon, 10/08/2012 - 16:40 | 2869083 Boris Alatovkrap
Boris Alatovkrap's picture

Chancelor Palpatine is symbolism of Hitler, no? George Lucas is fascination with rise of Third Reich.

Mon, 10/08/2012 - 09:40 | 2867392 TIMBEEER
TIMBEEER's picture

Yes, as long as we don't run out of other peoples money .. which is paid at the pump by .. me?

Mon, 10/08/2012 - 16:41 | 2869085 Boris Alatovkrap
Boris Alatovkrap's picture

Fear is not shortage of money but is shortage of fuel and vodka!

Mon, 10/08/2012 - 13:39 | 2868557 Quantum Nucleonics
Quantum Nucleonics's picture

They are working on it.  Cali should hit Europe levels in 2015 when the bio fuels mandate (corn ethanol not allowed) kicks in.

At this point one wonders what the GDP hit to Q3 is from this gas spike.  Might even cancel out the iPhone5 effect.

Mon, 10/08/2012 - 09:07 | 2867287 resurger
resurger's picture

u wan an Obamafawnnn 2

Mon, 10/08/2012 - 08:55 | 2867251 EscapeKey
EscapeKey's picture

Absolutely - the next 10 years will bring a 40,000% increase.

Mon, 10/08/2012 - 09:01 | 2867270 Middle_Finger_Market
Middle_Finger_Market's picture

MO-DOLLARS MO-PRABLEMSSS.

Mon, 10/08/2012 - 09:19 | 2867319 malikai
malikai's picture

Greenbacks or Bluebacks?

Mon, 10/08/2012 - 09:33 | 2867380 spastic_colon
spastic_colon's picture

it'll help them sell all those overpriced chevy volt's though.....will be strangely humorous to see all those small business construction and movers etc. using electric cars for their livelihood [sarc]

Mon, 10/08/2012 - 09:09 | 2867288 JPM Hater001
JPM Hater001's picture

Transitory...agreed...It's just pausing before going from high to ludicrous.

Mon, 10/08/2012 - 09:26 | 2867346 spastic_colon
spastic_colon's picture

yes - CA is just the test market to see what the market will bear, and at what price people finally wake up

Mon, 10/08/2012 - 10:43 | 2867564 kralizec
kralizec's picture

Apparently they have more upside for increases, since morons appear to be still living there...

Mon, 10/08/2012 - 08:46 | 2867227 moonstears
moonstears's picture

Rancid addressed California's problems a decade ago...

see: http://www.youtube.com/watch?v=l6M4qE9oeoo

Mon, 10/08/2012 - 09:51 | 2867416 Spastica Rex
Spastica Rex's picture

So much better than Green Day.

Mon, 10/08/2012 - 11:14 | 2867661 Panafrican Funk...
Panafrican Funktron Robot's picture

Yes, I generally dislike bands that willingly assist in the co-opting of a medium of dissent by monied interests.  Put more simply, fuck sellouts.

Mon, 10/08/2012 - 08:47 | 2867230 BurningFuld
BurningFuld's picture

One word: ENRON

Mon, 10/08/2012 - 08:58 | 2867249 GetZeeGold
GetZeeGold's picture

 

 

Wow....someone junked you over Enron? Geez......let it go man.

 

Mon, 10/08/2012 - 10:17 | 2867491 Bagbalm
Bagbalm's picture

Enron junked itself.

Mon, 10/08/2012 - 09:15 | 2867309 Bicycle Repairman
Bicycle Repairman's picture

You got junked.  Ken Lay, is that u?

Mon, 10/08/2012 - 09:58 | 2867432 GetZeeGold
GetZeeGold's picture

 

 

You can make $8.50 an hour from the AFLCIO junking Enron....you don't even have to know what it is.

 

Mon, 10/08/2012 - 11:47 | 2868129 Bicycle Repairman
Bicycle Repairman's picture

I got junked twice.   Ken Lay's parole officer?

Mon, 10/08/2012 - 13:40 | 2868564 Quantum Nucleonics
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Eh, Ken Lay is dead.  Zombie CEO's!  Hmm, there's a movie there somewhere.

Mon, 10/08/2012 - 09:26 | 2867347 DeadFred
DeadFred's picture

You may be on to something. A family friend in SoCal has been doing record business for months with his trucking business hauling Texas gasoline From the pipeline terminal near Riverside to the port in Long Beach, to be sent overseas. He complains about the wear and tear on his trucks and drivers from running every truck 24/7 but doesn't complain about his profits. Perhaps they could have seen the supply crunch and kept some in the tank farms? More likely they saw the crunch and that's why they sent away shiploads of the stuff.

On the other hand it could be formulation issues. Regulations require Cali gas to formulated different and the Texas gas might cause .002% more smog. Can't have that.

Mon, 10/08/2012 - 08:50 | 2867233 Inthemix96
Inthemix96's picture

Think yourselves lucky my American friends.

Over here in GB, we are paying £1.48 per litre.  If my math is correct, (which it might not be mind), thats about $11.50 a gallon.

Could be worse eh??????

Mon, 10/08/2012 - 08:56 | 2867256 Middle_Finger_Market
Middle_Finger_Market's picture

Americans literally don't know what high gas prices are (yet, they 100% will)...welcome to the real world bitchez, about time you joined the rest of us. 

Mon, 10/08/2012 - 09:03 | 2867278 LawsofPhysics
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gonna be interesting to see how Uncle SAM keeps fuel in all those military vehicles.

Mon, 10/08/2012 - 09:15 | 2867306 TIMBEEER
TIMBEEER's picture

WE NEED DEMOCRACY IN .. wait a minute .. where is that darn map .. IRAN !!! YES, WE HEARD OF WEAPONS OF MASS DESTRUCTION!

Mon, 10/08/2012 - 09:18 | 2867315 Middle_Finger_Market
Middle_Finger_Market's picture

The military fills up in the Middle East.

Mon, 10/08/2012 - 09:50 | 2867413 Uncle Remus
Uncle Remus's picture

siphon drones....

Mon, 10/08/2012 - 11:35 | 2868076 moonstears
moonstears's picture

Uh, SPR?

Mon, 10/08/2012 - 09:24 | 2867338 Urban Redneck
Urban Redneck's picture

As an American in Switzerland the $7.85/gallon here seems damn cheap compared to over $10/gallon not that long ago, and this is in spite of the MAD printers at the SNB and its $2/gallon overnight hike.

Mon, 10/08/2012 - 11:46 | 2867866 moonstears
moonstears's picture

And so Urban Redneck, you now too realize that domestic gasoline is subsidized for J6P via the military industrial complex. Tax dollars at work, military pays it back, baby! You all should understand this, and I'm not talkin' "sarc". Hate the military all you want, cry for downsize, but know it's a vote for $10 gas, bitchez. Cali is experiencing a price adjustment from the "industrial complex" side, currently. Coming soon to a pump near you!(one asshole so far don't like the truth, imagine how military feels when a buddy dies and it's realized it's partly to save your ungrateful ass $2 a gallon at the pump, fucker.)

Mon, 10/08/2012 - 15:57 | 2868997 Umh
Umh's picture

I didn't junk you for lying. You are telling the truth. It's just a really silly reason for a continous state of war. And imagine how my daughter will feel if her husband dies to keep the price of the gas she uses down!

Mon, 10/08/2012 - 10:06 | 2867453 CommunityStandard
CommunityStandard's picture

Americans don't know high fuel prices because TAXES make up the majority of the price difference.  The "real world" should involve not taxing petrol to death.

http://www.aip.com.au/pricing/internationalprices.htm

Mon, 10/08/2012 - 10:56 | 2867611 Raymond Reason
Raymond Reason's picture

The "real world" is making our way along life's bumpy road without the reserve currency supplement. 

Mon, 10/08/2012 - 11:19 | 2867678 Panafrican Funk...
Panafrican Funktron Robot's picture

If Americans had the kind of public transport you have over in Europe, we probably wouldn't give such a massive shit about gas prices.  But, Ford Motor Company saw to it to fuck us pretty royally in that regard.  Then they doubled down and shipped all the manufacturing to Mexico back in the 80's.  Patriotic American Brand!  

Mon, 10/08/2012 - 08:57 | 2867259 EscapeKey
EscapeKey's picture

Well, where I live (Surrey), it rains so much the motorways have practically turned into rivers, so small boats would seem more appropriate.

Remind me to ask for a "James Bond special" next time I have my car serviced.

Mon, 10/08/2012 - 09:03 | 2867280 Inthemix96
Inthemix96's picture

(Northumberland).

Damn right mate, never had a year like it.  This country isnt just screwed politically, even the bloody weather hates us??

Mon, 10/08/2012 - 09:18 | 2867316 GeezerGeek
GeezerGeek's picture

Too bad for you that the Amphicar is no longer in production. http://en.wikipedia.org/wiki/Amphicar

Mon, 10/08/2012 - 09:22 | 2867327 malikai
malikai's picture

Best quote from the wiki page:

"We like to think of it as the fastest car on the water and fastest boat on the road."

Mon, 10/08/2012 - 11:25 | 2867801 Panafrican Funk...
Panafrican Funktron Robot's picture

"President Lyndon B. Johnson was known as an owner of an Amphicar. Apparently he liked to scare new visitors to his ranch by driving them downhill in his Amphicar directly into his property's lake, all the while shouting that the brakes have broken."

Mon, 10/08/2012 - 08:58 | 2867261 Middle_Finger_Market
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OH MY GADDDD my mega chucky cheese burger just doubled in price and still tastes like shit. 

Mon, 10/08/2012 - 09:13 | 2867302 LULZBank
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Substitute goods... Try the real thing then.

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