Each passing week I thank my lucky stars that I moved out of Commiefornia. The wacko leftist policies of the one-party (i.e., Democrat) government has made the cost of living unbearable to many people. Small wonder people are fleeing.
The state's oil and gas policies have made California's gas prices one of the highest in the nation. Yet, the stupid asses think they are pulling the wool over people's eyes with their Gas Price Gouging and Transparency Law passed last year.
From Yahoo! Finance:
Gas prices have been on the rise nationwide, but for California drivers, they've skyrocketed in a short amount of time.
The Golden State's average at the pump surged by $0.23 to $5.27 per gallon on Friday from a week ago, according to AAA data. Meanwhile, the nationwide average sat at $3.54 per gallon on Friday, up $0.04 during the same period.
Tom Kloza, global head of energy analysis at OPIS, points to refinery challenges as the main culprit for California's surging prices, including an important Phillips 66 refiner in the Bay Area halting gasoline production in favor of renewable diesel.
“Throw in regularly scheduled maintenance that will occur at two critical refineries in May and the normal penchant for speculative buying in global markets in the second quarter, and you have wholesale prices that have gone ballistic,” he said.
Kloza calculates gasoline in San Francisco, less taxes and other costs, is at a premium of almost $60 per barrel more than current crude levels.
Last year California passed the Gas Price Gouging and Transparency Law, aimed at keeping a lid on refinery margins. Regulators will meet next week to iron out the details for specific rules.
Andy Lipow, president of Lipow Oil Associates, said the law's requirements "may lead some gasoline importers to halt doing business in the state and that could exacerbate the supply situation at exactly the same time supplies from outside the state are needed."
The citizens who voted for Democrats in California have no reason to complain. They asked for it with their votes. The Democrats piled on taxes at the pump. Another great example of why stupid people should not be allowed to vote.
To read more, go here.
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