October 29, 2012 |
The storm-related shutdown of an important New Jersey refinery and cutbacks on production runs at other refineries along the Delaware River may kick up East Coast gasoline prices at the pump later this week, but analysts were predicting that any price jump would probably be short-lived. Phillips 66 said that it has closed its 240,000-barrel-a-day Bayway refinery in Linden, N.J., because of the possibility of storm surges from Hurrican Sandy. Tom Kloza, chief oil analyst for the Oil Price Information Service in New Jersey, said that buyers were reacting to that news by scrambling for supplies.
October 22, 2012 |
The decline in California gasoline prices has accelerated in recent days, fuel surveys show, but hardly amounts to the relief from record fuel costs that most motorists would like to see. The state average reached $4.432 for a gallon of self-serve regular gasoline, the Energy Department said Monday. That was a decline of 19.1 cents in one week, according to the agency's survey of service stations. The week before, the average slipped less than 4 cents a gallon after reaching a record $4.659.
October 16, 2012
Re "Refueling California," Opinion, Oct. 12 Jamie Court's idea for oil refiners to keep a reserve of gasoline on hand is probably a good idea, but it's a stopgap. What we really need is ample energy availability that isn't subject to gaming by suppliers and speculators and that can't be exported to the highest bidder. That's why wind and solar are so vital - not only because the energy stays local but also because the utility companies are more directly accountable to the consumer.
October 11, 2012 |
California's average gasoline price edged lower for the first time in more than a week, but analysts warned that any decline would be gradual partly because a section of the huge Chevron Corp. refinery in Northern California is expected to remain closed the rest of the year. Motorists in the state paid an average of $4.666 for a gallon of regular gasoline Wednesday, down half a cent overnight, according to AAA's daily survey of fuel prices. On Oct. 1, the day Exxon Mobil Corp.'s Torrance refinery went out of service temporarily because of a power outage, the average was $4.168.
October 9, 2012 |
As California gasoline prices set fresh records daily, consumer advocates are gearing up to fight the sale of the low-cost Arco brand and its Carson refinery to a Texas company not known for its cheap fuel. Some experts are calling the proposed $2.5-billion sale to Tesoro Corp. of San Antonio the biggest shift in California's petroleum business in decades. Activists say the deal, announced in August, would reduce competition and possibly raise prices for motorists, and they will ask state and federal regulators to reject it. The transaction is drawing fire now - with California's average gasoline price at a record $4.671 a gallon Tuesday, according to AAA - because it would leave 51% of the state's refining capacity in the hands of just two companies: Tesoro and Chevron Corp.
October 8, 2012 |
Darn it, I missed out again. You know when the iPhone came out? Well, I didn't buy one. Same with the iPod and the iPad. I also didn't buy a Mini Cooper when they were such hot sellers. And now I've missed the big gasoline price run-up in California. My habit of missing out, or being late to the party, goes way back, unfortunately. When disco was all the rage, I liked oldies rock. I stuck with film cameras way too long. I don't have a smartphone. I still have a land line.
October 7, 2012 |
Gov. Jerry Brown took “emergency steps” Sunday to try to bring down record gas prices in the state. He directed the California Air Resources Board to increase the fuel supply by allowing the immediate sale and import of cheaper and more available winter-blend gasoline. The move would reduce the price of gas in California by 15 to 20 cents per gallon, probably within a few days, said energy expert Chris Faulkner of Dallas-based Breitling Oil and Gas. “This would immediately increase the supply of gasoline in California,” Faulkner said, but he cautioned that it would take a few days for the governor's move to be reflected at the pump.
October 6, 2012 |
California drivers are reeling from days of sharp gasoline price increases that left the state within reach of its record high. Economists warn that a prolonged period of elevated gas costs could harm consumers as the holiday shopping season kicks in. Analysts attributed the price surge to fuel traders' emotional reaction after a series of refinery outages and other problems, including a Northern California refinery fire, a Southern California refinery...
September 1, 2012 |
As they hit the highway for that last road trip of summer, many drivers will pay more for a gallon of gasoline than during any previous Labor Day holiday weekend. And it isn't all Hurricane Isaac's fault. In California, the recent Chevron Corp. refinery fire is the main reason the state will see a second straight record high for the gas price average during the traditional three-day ending of the summer driving season, analysts said. The average cost of a gallon of regular gasoline Friday was $4.157, according to the AAA Fuel Gauge Report, well above the previous record of $3.915 to $3.973 set during the three-day period last year.
August 31, 2012 |
The summer of 2012's widespread refinery and petroleum pipeline problems, as one analyst put it, will mean that many Americans will face record high gasoline prices during the long Labor Day holiday weekend. In California, analysts have blamed the recent Chevron Corp. refinery fire as the main reason the state will see a second straight year of the highest average prices ever for the traditional three-day ending of the summer driving season. But the national average for the price of gasoline this weekend will shatter a record set in the summer of 2008, the year that the U.S. saw its highest overall prices ever, even after adjusting for inflation.