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Author	Topic: Gasoline prices drop in California- Declines in rest of US Slow	Post a Reply Back to Topics

ned23 Champion Author Columbus Posts:3,116 Points:303,440 Joined:Dec 2003	Message Posted: Jun 12, 2012 11:17:06 AM Ignore ned23 Report Abuse California's average pump price fell 9.6 cents over the last week, according to the Energy Department's weekly fuel survey, but declines across the rest of the U.S. slowed and may be nearing their end, analysts said. The price of a gallon of regular gasoline in California was $4.164 on Monday, compared with $4.260 a week earlier, the Energy Department said. California pump prices have fallen for four straight weeks and are 21.2 cents off their high for the year: $4.376 a gallon, set March 12. But they are still 22.4 cents a gallon higher than a year earlier. Part of the reason for the price drop is that California refineries are producing more of the state's expensive blend of gasoline after maintenance and other problems reduced supplies to some of their lowest levels in years. Visit LA Times for full article

ned23

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Columbus

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Message Posted: Jun 12, 2012 11:17:06 AM

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California's average pump price fell 9.6 cents over the last week, according to the Energy Department's weekly fuel survey, but declines across the rest of the U.S. slowed and may be nearing their end, analysts said.

The price of a gallon of regular gasoline in California was $4.164 on Monday, compared with $4.260 a week earlier, the Energy Department said. California pump prices have fallen for four straight weeks and are 21.2 cents off their high for the year: $4.376 a gallon, set March 12. But they are still 22.4 cents a gallon higher than a year earlier.

Part of the reason for the price drop is that California refineries are producing more of the state's expensive blend of gasoline after maintenance and other problems reduced supplies to some of their lowest levels in years.
Visit LA Times for full article

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PDQBlues Champion Author San Diego Posts:7,209 Points:1,475,050 Joined:Jan 2009	Message Posted: Jun 12, 2012 9:08:13 PM Ignore PDQBlues Report Abuse Yet, prices are still falling. And hopefully, will fall much more.
DanMtz Champion Author Oakland Posts:3,491 Points:1,270,050 Joined:Oct 2009	Message Posted: Jun 12, 2012 7:59:14 PM Ignore DanMtz Report Abuse The drop has been excruciatingly slow.
SycamoreISU Champion Author Indiana Posts:1,065 Points:275,825 Joined:Jan 2012	Message Posted: Jun 12, 2012 1:29:58 PM Ignore SycamoreISU Report Abuse California's prices are higher, so there's more room for a fall.
schatzila Champion Author Los Angeles Posts:5,084 Points:1,043,345 Joined:Jun 2010	Message Posted: Jun 12, 2012 1:00:01 PM Ignore schatzila Report Abuse I'm waiting for it to drop to the $2 range
Tehbob Champion Author California Posts:2,426 Points:483,805 Joined:Jan 2012	Message Posted: Jun 12, 2012 11:52:21 AM Ignore Tehbob Report Abuse k
bills299 Champion Author Atlanta Posts:3,501 Points:931,215 Joined:May 2005	Message Posted: Jun 12, 2012 11:47:35 AM Ignore bills299 Report Abuse Faster is better!!
thizben All-Star Author Phoenix Posts:679 Points:304,695 Joined:May 2011	Message Posted: Jun 12, 2012 11:44:59 AM Ignore thizben Report Abuse drop faster! They shouldn't be this high anyway...thanks speculators!
TripleHs Champion Author Austin Posts:3,435 Points:940,090 Joined:Oct 2009	Message Posted: Jun 12, 2012 11:42:01 AM Ignore TripleHs Report Abuse I am seeing $3.16 locally.
mastermariner Champion Author Texas Posts:4,820 Points:520,450 Joined:Jun 2011	Message Posted: Jun 12, 2012 11:32:11 AM Ignore mastermariner Report Abuse California gets what it asked for and deserves.
humblepie Champion Author Toledo Posts:35,301 Points:2,398,095 Joined:Mar 2006	Message Posted: Jun 12, 2012 11:24:31 AM Ignore humblepie Report Abuse epa mandates and regulations cost americans trillions of dollars and millions of jobs every year. think about it, all in the name of bigger government.....
ned23 Champion Author Columbus Posts:3,116 Points:303,440 Joined:Dec 2003	Message Posted: Jun 12, 2012 11:22:57 AM Ignore ned23 Report Abuse California is always the first to rise and the last to fall. Look for price increases in the rest of the country, coming soon.