Californians hit with unprecedented gasoline price jump

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SAN FRANCISCO/LOS ANGELES (Reuters) - Californians awoke on Friday to yet another unprecedented spike in the price of gasoline that brought the one-week increase in the Golden State to a whopping 36 cents a gallon.
Prices dropped, however, on the wholesale market, possibly signaling the end to a price spike that has blindsided the state’s car-loving consumers.
“It’s insane,” said Matt Hurd, 35, as he filled up at a San Francisco gas station near the Bay Bridge. “Especially with this thing,” Hurd, who works in real estate, added, motioning toward his white SUV. “It’s going to cost triple digits to fill it up.”
The average retail price of gasoline rose 17 cents to $4.486 on Friday morning. The average price was $4.315 on Thursday and $4.131 a week ago, according to AAA data.

news.yahoo.com/california-gasoline-prices-jump-17-cents-gallon-overnight-155954122–finance.html
 
Serves us right. We insist on having our own gasoline blend. Really stupid.
 
How long has it been since a new refinery has been allowed to be built in this country?
The result of an artificial limit on supply.

Jon
 
Obama’s energy policy is restrict, block litigate when it comes to our abundant domestic energy resources.
 
=MugenOne;
on Friday morning. The average price was $4.315 on Thursday and $4.131 a week ago, according to AAA data.
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I would love to pay $5 a gallon; come to the UK, then you would have something to complain about.
 
Of course, right as my tank is urgently due for a refill. :doh2:
 
I had to fill up this morning and I heard this on the radio and panicked. I breathed a sigh of relief when I pulled up to Quik Trip. It was four cents cheaper than the last time I filled up.
 
There goes my plans to go to San Diego on a trip, if this trend continues…
 
Eric_Hyom said:
I would love to pay $5 a gallon; come to the UK, then you would have something to complain about.
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You don’t want a lot of Americans to come to the UK and drive there. 😛

I say this, as an American. I thought I did very well when I lived there for 6 months (once I bought a driving manual to figure out why everyone was giving me an ‘up yours’ as I stayed in the outside lane of the roundabouts), but I drove with some coworkers that caused me to slouch down in the passenger seat. One of them actually caused a woman to stop next to us (as he stopped to consult a map) and yell “you’re dangerous!” She was right. Luckily, I came out alive. 🙂

Oh…you are very correct about petrol prices…
 
Yerusalyim said:
Eventually you Californians might figure it out and change the law…
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I can remember when I lived there, they had the big push to add an additive (MTBE?) to the gas to cut emissions. Later, they found out that the additive was harmful to the environment. Solution? Stop using the additive? No, of course not…don’t be silly. They put a warning label on the pumps, letting you know that the additive may be harmful to the environment. 😛
 
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