"There is no limit to what a man can do or where he can go if he doesn't mind who gets the credit." - President Ronald Reagan.

Buy The Amazon Kindle Store Ebook Edition

Buy The Amazon Kindle Store Ebook Edition
Get the ebook edition here! (Click image.)

Saturday, February 18, 2012

Gas At $4.00 In L.A.



We haven't reached the above prices yet in L.A., but the price of gasoline is now at $4.00/gallon.

According to the L.A. Times:

"There was quite a paroxysm in the spot market for wholesale gasoline and a confluence of refinery maintenance," said Tom Kloza, chief oil analyst for OPIS. "It's quite noticeable because the price of crude is also over $100 a barrel. And if you live on the East or West Coast, you are dealing with a lot of $115 to $120 a barrel oil, like Alaskan crude and Brent crude."

Kloza was referring to refineries in the state that had shut down for maintenance, which usually causes a spike because supplies are so tight, but that wasn't the only factor.


That's not all, some oil industry experts are predicting that gas prices will hit $5.00/gallon!

Wonderful. And Obama decided to not approve the Keystone pipeline project.

No comments:

Search This Blog