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(CBS Los Angeles 2)   Californians having trouble with reality thinking their gas prices are going to go back down   (losangeles.cbslocal.com) divider line 93
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4404 clicks; posted to Main » on 06 Oct 2012 at 3:53 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-10-05 09:17:31 PM  
Why would it be a surprise if a few people from Texas that play a fair-sized part in the oil industry decide just to screw with California just because?
 
2012-10-05 09:48:21 PM  
Not until the economy collapses again

/and judging by how fast the prices went up, I'm guessing that will be around the end of the month
//what a coincidence
 
2012-10-05 09:50:12 PM  
They went up 20 cents overnight. I'm sure this isn't just a gas industry money grab.
 
2012-10-05 10:04:47 PM  
Two refinery fires would tend to keep prices higher than normal.
 
2012-10-06 03:21:03 AM  
FTFA: One station in Calabasas is charging the highest rate in LA County - nearly $6 for a gallon.

Reporting for CBS2 and KCAL9, Amanda Burden went to the station and called it a virtual ghost town.

She said cars peeled in but peeled right out when they saw the sign for $5.79 a gallon for regular. Said one customer, "I can't believe this! $5.79 a gallon? Oh my God!"

Said another, "Crap! I've never seen it so high. This is unbelievable."

It gets worse. Super costs $5.99.


That's just f*cking ridiculous. I just paid $3.79 a gallon for mid-grade (89) here in Phoenix the other day. Sounds like the stations in that area are just milking customers for as much as they can get. Isn't Calabasas over on the western end of L.A.? Could it be that the station owners are just taking advantage of the higher income folks who live in that area? And how much of this price is going to the state in taxes?
 
2012-10-06 03:57:35 AM  
switching from summer to winter blend?
again??
do they do that EVERY year ??

IF ONLY there were some method of "storing" gas for a few days or weeks while the switch took place.
Some method to "tank" gas.

Alas, there is no reason for the refineries or the stations to do this. NONE.
Why do something which would cost you profits and save your customers money??
 
2012-10-06 03:59:50 AM  

Fark Me To Tears: FTFA: One station in Calabasas is charging the highest rate in LA County - nearly $6 for a gallon.

Reporting for CBS2 and KCAL9, Amanda Burden went to the station and called it a virtual ghost town.

She said cars peeled in but peeled right out when they saw the sign for $5.79 a gallon for regular. Said one customer, "I can't believe this! $5.79 a gallon? Oh my God!"

Said another, "Crap! I've never seen it so high. This is unbelievable."

It gets worse. Super costs $5.99.

That's just f*cking ridiculous. I just paid $3.79 a gallon for mid-grade (89) here in Phoenix the other day. Sounds like the stations in that area are just milking customers for as much as they can get. Isn't Calabasas over on the western end of L.A.? Could it be that the station owners are just taking advantage of the higher income folks who live in that area? And how much of this price is going to the state in taxes?


Two refinery fires, pipeline problems, and the requirement for specific warm weather blends to fight smog means they're screwed. The $6 is gouging but the average for regular is over $4.40 in the area.
 
2012-10-06 04:07:29 AM  
idiot consumer : OMG gas prices going up!

scientists, economists, and other smart people : we should look in to energy alternatives, thus reducing demand of oil, which would ultimately reduce the cost of gas

idiot consumer : eff that communist bullshiat!! gimme cheap gas naow!!
 
2012-10-06 04:13:09 AM  

Quasar: They went up 20 cents overnight. I'm sure this isn't just a gas industry money grab.


It has to be some kind of price manipulation. Even if there was a refinery fire, even with pipeline issues, unless the fire burned down the tank farms at Carson and Benicia (which I know for a fact they didn't) there is NO WAY there is suddenly no gas. It's not like all the gasoline is gone or the ability to make more has vanished. This is gougers taking advantage of a possible shortage that might somehow occur sometime in the future someday.
 
2012-10-06 04:13:54 AM  
They got to pay the price if they want to live in paradise. Just as long as they stay there and don't move here where gas is $3.52 a gallon.
 
2012-10-06 04:15:23 AM  
fark ethanol. Ruins 2 cycle engines.

Also loves to collect water, then watery ethanol mix separates out of the gasoline and sits at the bottom of your fuel tank, ready to either rust out your old tank, or ruin the engine of your new car.

/Never let ethanol blended fuel sit more then a couple months.
 
2012-10-06 04:16:38 AM  

Gyrfalcon: This is gougers taking advantage of a possible shortage that might somehow occur sometime in the future someday.


Congratulations! You've figured out how the commodities market works!

/The house always wins
 
2012-10-06 04:24:14 AM  
FTFA: One station in Calabasas is charging the highest rate in LA County - nearly $6 for a gallon.

Reporting for CBS2 and KCAL9, Amanda Burden went to the station and called it a virtual ghost town.

She said cars peeled in but peeled right out when they saw the sign for $5.79 a gallon for regular. Said one customer, "I can't believe this! $5.79 a gallon? Oh my God!"

Said another, "Crap! I've never seen it so high. This is unbelievable."

It gets worse. Super costs $5.99.

A $0.20 jump from regular to premium would be fantastic. Around these parts it's a minimum $0.30 jump, with a few places gouging with a $0.40 jump between 87 and 93 octane.
 
2012-10-06 04:27:03 AM  

Gyrfalcon: Quasar: They went up 20 cents overnight. I'm sure this isn't just a gas industry money grab.

It has to be some kind of price manipulation. Even if there was a refinery fire, even with pipeline issues, unless the fire burned down the tank farms at Carson and Benicia (which I know for a fact they didn't) there is NO WAY there is suddenly no gas. It's not like all the gasoline is gone or the ability to make more has vanished. This is gougers taking advantage of a possible shortage that might somehow occur sometime in the future someday.


Most likely. I'm in NorCal, and 3 weeks ago prices were 4.17. I went out of town on a work trip for a week, and when I returned, they were 4.53. As of today, the same station is up to 4.75. I don't get it.

Fortunately, I live 5 minutes away from work, so I go through a tank of gas in about a month. I know there are people who drive an hour or more just to get to work, probably more during rush hour, but honestly, the extra time I don't spend seated in traffic as well as the gas costs are well worth the +200/month to live there. I like leaving at 5 and being able to pull a beer out of my own fridge at 5:15 assuming crappy traffic.

It's not the gas that confuses me, it's the time everyone is willing to spend getting to/from work that's completely wasted. Also, they have to pay for the gas.
 
2012-10-06 04:27:26 AM  
Paying the equivalent of 4.92 a gallon for premium in Saskatoon. Doesn't bother me too much - I knew with all the CAFE standards coming in the V8 was in it's death knell, so I got while the gettin' was good. Probably not helped along by my lead foot.

/Shell V-Power please
//No ethanol
 
2012-10-06 04:28:23 AM  
ugh..html, you win again!

/I blame John Stockton
 
2012-10-06 04:29:04 AM  

Fark Me To Tears: That's just f*cking ridiculous. I just paid $3.79 a gallon for mid-grade (89) here in Phoenix the other day.


California has all sorts of specialized regional blend requirements that make it illegal to bring in gasoline from (for example) Phoenix to relieve shortages (except incidentally, in your own car's fuel tank). Operating a refinery is itself very complicated (and dangerous), and requires significant planning and careful, deliberate effort to change production volume, blends, et cetera; there's no safe or economical way to meet sudden shortages in production (like one caused by a refinery going offline because of a fire). This is especially true when they're in the middle of switching blends; they can't just reverse and make more of the summer stuff.

So, any supply shocks in California can't be cushioned (in anything like the short term) by diverting supply from elsewhere, or by making more. So price goes up until demand matches supply.
 
2012-10-06 04:37:32 AM  
The refinery fire occurred a few weeks ago causing an immediate 20 cent jump in prices that hasn't really been recovered from. That calamity has been factored into the prices and really shouldn't be used in the present excuses for the increases.

The new issues as I understand them are as follows. One of three crude oil pipelines from the central valley to San Francisco refineries is down due to excess chlorine in the line (don't know what thats about). There was also a power outage in Torrence that affected two refineries (one big, one little) but power has been restored so it will just take a little time to get them back into production and there is no reported affect on their ability to fulfill contracts. Add to it a couple refineries have units offline for maintenance an there is somewhat of a supply disruption.

However it certainly seems like this spike is going beyond mere supply issues and the oil companies and trades are taking some additional profits while they have an excuse.  A price rise of 40 to 50 cents over a 36 hour period just doesn't seem quite right for the above disruptions. We didn't lose the tank farms and almost all the production units will be operational in the immediate future.
 
2012-10-06 04:48:48 AM  
I am going to go out on a limb here. Oil companies would much prefer to see a republican in office. Oil companies can and do fix prices in areas regardless of commodity markets. "Lets steadily raise prices for the months leading up to the election and really jump them up the last month. Will the independents still think that things are getting better when they pay 5 bucks a gallon? Want to bet all the refinery problems go away let's say around Nov 4th or 5th?
 
2012-10-06 04:53:06 AM  
$3.38 last Tuesday for me.
 
2012-10-06 05:02:39 AM  
Gas prices need to go up and stay up. And I'm talking $7-8/gallon, at least. And it needs to be an overnight shift, a gradual increase isn't as hard of a sting. It's the only way we're going to have an attention span long enough to truly focus on an alternate means of propulsion. Yes it will suck, but only in the short term.
 
2012-10-06 05:11:51 AM  

TheSwizz: Gas prices need to go up and stay up. And I'm talking $7-8/gallon, at least. And it needs to be an overnight shift, a gradual increase isn't as hard of a sting. It's the only way we're going to have an attention span long enough to truly focus on an alternate means of propulsion. Yes it will suck, but only in the short term.


We could fix internet congestion by making people pay a dollar a megabyte too.

I mean, it'd be hard for a while, but only in the short term.
 
2012-10-06 05:25:06 AM  

fluffy2097:
We could fix internet congestion by making people pay a dollar a megabyte too.

I mean, it'd be hard for a while, but only in the short term.


I wasn't aware that bandwidth was a finite resource and once it was used it could never be replenished, which would cripple our world because we didn't have a backup plan in place.
 
2012-10-06 05:37:02 AM  

TheSwizz: Gas prices need to go up and stay up. And I'm talking $7-8/gallon, at least. And it needs to be an overnight shift, a gradual increase isn't as hard of a sting. It's the only way we're going to have an attention span long enough to truly focus on an alternate means of propulsion. Yes it will suck, but only in the short term.


And only for poor people and the middle class until they all buy new cars. Which is like, what, a coupla weeks?
 
2012-10-06 05:48:06 AM  

Hoopy Frood:

And only for poor people and the middle class until they all buy new cars. Which is like, what, a coupla weeks?


We will adapt. Nobody said change was easy.
 
2012-10-06 05:53:06 AM  
AAA tells Burden that the higher prices are a result of refinery power outages, a fire in Northern California, and low fuel inventory as stations switch from summer to winter blends.

What is with the power outages?

Say what you want but I will take the federally owned TVA over those private utilities any day.
 
2012-10-06 06:11:36 AM  

namatad: switching from summer to winter blend?
again??
do they do that EVERY year ??

IF ONLY there were some method of "storing" gas for a few days or weeks while the switch took place.
Some method to "tank" gas.

Alas, there is no reason for the refineries or the stations to do this. NONE.
Why do something which would cost you profits and save your customers money??


It's just their excuse... 10-12 years ago, it was just one yearly 'bump', the "summer driving season", mid July to early September, when everyone supposedly took their vacations. Then there was the summer/winter blends thing, then the "winter driving season". Now they have an excuse every 3 months or so to jack the price up again. 10 cents in a day, and then drop it like a feather in time for the next jump(Down 3 cents in a week and a half).

Yes, they could easily plan for this, but they never will. The truth is that with the price hies while Bush was in office(Easy to blame those on the war), the oil companies tested us and figured out just where we finally get pissed off and quit driving, and they just tease that total all year long now. Throughout the 90's, gas stayed relatively stable at $1.35-ish a gallon, sometimes dropping below a dollar, and occasionally going up to $1.50-$1.60, but really always tending to bounce back into that range. We freaked out over a 5 cent increase in a week. I'm not sure I ever saw it go above $2, except at price gouging places, such as the 'Last gas for 200 miles' types of stations, or the ones in the ritzier parts of town. We'll never see that again. That $1.75/gal price that the Right pushes when biatching about Obama lasted about a week, and is the only time ince I started driving in '87 that I have seen it drop anywhere near as fast as it climbs, and that one was a result of the crash of the dollar. After that week of fun, it flew right back up.

And then these bastards reap record profits every quarter, not record revenue, but profits. Fark them, if they ever figure out an electric that will go more than 200 miles on a charge, and someone manages to sneak it past these asshats and sell it for an affordable price, I'll never buy gas again.
 
2012-10-06 06:33:09 AM  
Hi! Since you spoiled whiners don't want it, where can I get that cheap $6/gallon gas?

/uk resident

but more seriously...

there are 12 cars at "whatmpg co uk" which get over 60 mpg, combined. some are diesels. some are not. very very few, if any, of them, are available for sale in the USA.

at $10 per gallon, a reasonable 10,000 miles of yearly driving at 25 mpg costs a less than whopping $4000 - or $333 per month. At $5 per gallon that's all of $167 per month. The reality is that petrol is cheap cheap cheap even if it is still "more expensive than it used to be" which is really, when you get down to it, what the whining is all about.
 
2012-10-06 06:37:11 AM  
A barrel of oil is $89.03.
So how come gas is nearly 6 bucks a gallon in CA?

Let's speculate on the answer...
 
2012-10-06 06:43:16 AM  
I just paid 33 bucks for 3.5 gallons. Painful. But, I really don´t drive all that much.

Plus, all the gas here is 95 octane. What is that all about?
 
2012-10-06 06:58:05 AM  

TheSwizz: fluffy2097:
We could fix internet congestion by making people pay a dollar a megabyte too.

I mean, it'd be hard for a while, but only in the short term.

I wasn't aware that bandwidth was a finite resource and once it was used it could never be replenished, which would cripple our world because we didn't have a backup plan in place.


We could also end world hunger by not sending food to people who are hungry.

/it will only be a rough few months as billions starve
//but then there will be enough land for your overpriced organic crap.
///Who knew all the worlds problems could be solved by just denying shiat to people
 
2012-10-06 07:02:23 AM  

CAPTIAN SLAPPY: I am going to go out on a limb here. Oil companies would much prefer to see a republican in office. Oil companies can and do fix prices in areas regardless of commodity markets. "Lets steadily raise prices for the months leading up to the election and really jump them up the last month. Will the independents still think that things are getting better when they pay 5 bucks a gallon? Want to bet all the refinery problems go away let's say around Nov 4th or 5th?


I was about to say this... except the amazing price jumps are here in California. And California's Electoral College votes have zero chance of swinging toward Romney. It might help the Republican candidates for the House or state legislative seats in some areas... but California is not Romney country.
 
2012-10-06 07:03:42 AM  

Free Radical: A barrel of oil is $89.03.
So how come gas is nearly 6 bucks a gallon in CA?

Let's speculate on the answer...


well. that would be 2.11 if you were buying crude.

But you have to refine the crude first. Which takes you from 42 gallons crude in, to 19 gallons of gasoline out, comes to $4.68 a gallon. Factor in refining and transportation costs and it makes sense.

If you forget that they still use and sell the other 23 gallons as other products, it almost seems reasonable.
 
2012-10-06 07:48:02 AM  

Verzio: Fark Me To Tears: That's just f*cking ridiculous. I just paid $3.79 a gallon for mid-grade (89) here in Phoenix the other day.

California has all sorts of specialized regional blend requirements that make it illegal to bring in gasoline from (for example) Phoenix to relieve shortages (except incidentally, in your own car's fuel tank). Operating a refinery is itself very complicated (and dangerous), and requires significant planning and careful, deliberate effort to change production volume, blends, et cetera; there's no safe or economical way to meet sudden shortages in production (like one caused by a refinery going offline because of a fire). This is especially true when they're in the middle of switching blends; they can't just reverse and make more of the summer stuff.

So, any supply shocks in California can't be cushioned (in anything like the short term) by diverting supply from elsewhere, or by making more. So price goes up until demand matches supply.


Thank you - people flat out don't realize that it's illegal to use/pump gas in Cali that wasn't refined in Cali.

When I lived there in '99, it took a special act of the State Assembly to bring something like 50,000 gallons from
Nevada.

California gas, like everything about California, is, well, different.
 
2012-10-06 07:53:36 AM  

johncb76006: They got to pay the price if they want to live in paradise. Just as long as they stay there and don't move here where gas is $3.52 a gallon.


Moved out of SoCal 15 years ago. It had stopped being a paradise a decade before I was able to leave.
 
2012-10-06 08:04:07 AM  

muck1969: idiot consumer : OMG gas prices going up!

scientists, economists, and other smart people : we should look in to energy alternatives, thus reducing demand of oil, which would ultimately reduce the cost of gas

idiot consumer : eff that communist bullshiat!! gimme cheap gas naow!!


This^, but it seems like a broken record, unfortunately. Been hearing such since I was a kid, and that was a long time ago. I wish it wasn't so, but this is the truth, sadly.
 
2012-10-06 08:12:38 AM  
Its funny, but I know from watching some documentarys and such that you can replace your fuel tank with some kinda hydrogen electrolysis rig that basically means you can just run your car off of some sort of water indefinitely, but when I do a search for that on the internet, all I ever come up with how to make your car into a hydrogen hybrid. Wonder what's up with that. Now I think I'm gonna go search again, but it feels like a fools errand. Sorry about my lack of technical terms, but somebody knows what I'm talking about (hopefully) This whole gas thing is a sham, and when we run out of gas and run into Mad Max world, people, for the most part, will most likely be surprised by this somehow. . .
 
2012-10-06 08:20:47 AM  
I want to ride my bicycle
I want to ride my bike
I want to ride my bicycle
I want to ride it where I like
 
2012-10-06 08:28:10 AM  
We're Americans. We have a constitutional right to cheap petroleum products.
 
2012-10-06 08:37:06 AM  
3.43 per gallon here in the ozarks.
The leaves are starting to change and the elk are bugling. Californians, you live in a communist state, what do you expect? Tank farms store gas, are they empty too? If not, there is no gas shortage. Get a news crew over there and demand the status of the tank farms.
 
2012-10-06 08:50:45 AM  
On Tuesday I paid $4.39 a gallon then yesterday I topped off at the same station and it was $4.89. Some stations won't resupply. The Volero by my house said when they run out they won't get anymore until prices drop. I doubt they will but it is interesting to hear the desperation in the gas station owners.
 
2012-10-06 08:59:41 AM  

fluffy2097:

We could also end world hunger by not sending food to people who are hungry.

/it will only be a rough few months as billions starve
//but then there will be enough land for your overpriced organic crap.
///Who knew all the worlds problems could be solved by just denying shiat to people


Now I'm learning that oil is an absolute necessity to survival. An educational day today. Do these apples taste like oranges?
 
2012-10-06 09:01:40 AM  
Please don't show this to station owners in CT. I think they enjoy raising prices to be number 1 in something.
 
2012-10-06 09:22:25 AM  
100 pts to submitter for getting California and reality in the same sentence.
 
2012-10-06 09:34:18 AM  
i86.photobucket.com

Sucks to be California.
 
2012-10-06 09:36:40 AM  

Nappy Imus: This^, but it seems like a broken record, unfortunately. Been hearing such since I was a kid, and that was a long time ago. I wish it wasn't so, but this is the truth, sadly.


I'm a child of the 70's. When did the environmental movement really get cooking? The 70's. I've been a tree-hugger since I was a kid. I have never seen any change in people's habits or attitudes that wasn't matched by two steps backwards toward even MORE consumption. So you recycle your plastic now.....OK good. And 3/4 of your recycling is the little plastic bottles of water that you simply must have. But you recycle!

/early morning rant. Leave me alone, or I might really get going.
 
2012-10-06 09:52:31 AM  
I'm just wondering what the excuse is in the Midwest right now. I'm currently visiting relatives in Michigan, and saw the price jump from about $3.75 to $3.95.

"Because fark you, that's why" is probably the excuse. Just because Enron got smashed to bits doesn't mean that the Enron mentality ever went away.

It's especially interesting to plot gas prices against crude prices. Link
 
2012-10-06 09:52:37 AM  
According to the White House, gas prices have already gone down.
 
2012-10-06 09:54:59 AM  

TheSwizz: Gas prices need to go up and stay up. And I'm talking $7-8/gallon, at least. And it needs to be an overnight shift, a gradual increase isn't as hard of a sting. It's the only way we're going to have an attention span long enough to truly focus on an alternate means of propulsion. Yes it will suck, but only in the short term.


In other words, fark THE POOR.
 
2012-10-06 10:03:36 AM  

TheSwizz: Gas prices need to go up and stay up. And I'm talking $7-8/gallon, at least. And it needs to be an overnight shift, a gradual increase isn't as hard of a sting. It's the only way we're going to have an attention span long enough to truly focus on an alternate means of propulsion. Yes it will suck, but only in the short term.


s3-ak.buzzfed.com
 
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