State air pollution regulators said Monday that California’s air quality is not expected to worsen appreciably after the governor ordered the release of a dirtier blend of gasoline to help slash record-high pump prices.
The California Air Resources Board issued a regulatory advisory a day earlier after Gov. Jerry Brown ordered them to allow so-called “winter-blend” gasoline to be sold in California earlier than usual to increase supply. Read More
Repair work at the fire-damaged crude oil unit of California’s second-largest refinery could keep the unit shut for up to three months, refinery sources said Thursday as regional wholesale gasoline prices rose to their highest since May. Read More
Motorists should brace for significantly higher prices at the pump in the coming weeks as a result of Monday night’s fire at the Chevron oil refinery in Richmond.
Wholesale prices for fuel have already risen by 23 to 35 cents a gallon, a cost increase that will soon be passed on to consumers, said Cynthia Harris, a spokeswoman for AAA. She said it is too early to speculate about how much gas prices will increase, but the spike will be “significant.” Read More
While California motorists are finally starting to see a drop in gas prices, the recent falloff hasn’t had a significant effect in San Francisco.The average gallon of gas now costs $4.26 in California, a 10-cent reduction from the month prior, according to AAA’s latest industry report. However, the price of gas in San Francisco has barely budged recently — a gallon goes for $4.41, just two cents cheaper than last month. Read More
Gas prices have been dropping the past few days in some parts of Northern California. San Francisco is not one of them.The City has seen a 3-cent per-gallon increase since last month for an average of $3.94. The average price has gone up 66 cents per gallon since this time last year, according to a numbers released by the Northern California region of AAA. Read More
“Unexpectedly,” as I noted in my Sunday Examiner column, is a word that often appears in mainstream media accounts of negative economic developments. Or “unexpected” or even “a real surprise.” Glenn Reynolds, the eagle-eyed Instapundit, has spotted yet another example. Read More
There you are standing at the gas pump, watching the dollar signs go ding-ding-ding at blazing speed, and suddenly the gas price forecast lady comes with the week ahead.
But you only thought that was why you suddenly got a splitting headache. See who comes next on the latest Politizoid:
ExxonMobil’s Rex Tillerson, 59, and General Electric’s Jeffrey Immelt, 55, are about the same age. They both head iconic U.S. companies. Last year, the two CEOs made about the same amount of money, with Tillerson at $21 million and Immelt at $19.6 million. Read More
For every American who thought monetary policy didn’t matter in their daily lives, a new study by the Republican staff of the Joint Economic Committee provides a very real reason why they should be paying attention.
As of May 2, American families and small businesses are paying 56.5 cents more for every gallon of gasoline they pump, thanks to the Federal Reserve’s unprecedented pumping of dollars into the American economy. Read More