Oil Prices Are Down But Gas Prices Continue To Skyrocket

Calif. Gas Prices Hit Record High 2nd... : Photo Gallery

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Calif. gas prices hit record high 2nd straight day Calif. gas prices hit record high 2nd straight day Calif. gas prices hit record high 2nd straight day. CHRISTOPHER WEBER, Associated Press Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.	Calif. gasoline prices hit new all-time high for second straight day; jumps 4 ... Calif. gasoline prices hit new all-time high for second straight day; jumps 4 ... LOS ANGELES — California motorists faced another day of record-breaking gasoline prices Sunday, though relief appeared to be on the way. In its latest update early Sunday, AAA reported that statewide average price for a gallon of regular unleaded ...	Will California gas prices set records this weekend? Will California gas prices set records this weekend? With the Golden State already paying some of the highest gas prices in the nation, California drivers will find it's going to get more costly than ever to fill their tanks. According to Reuters, oil analyst Tom Kloza, chief oil analyst for Oil Price ...	KMPH FOX 26 | Central San Joaquin Valley News SourceAP Top News at 4:35 ... KMPH FOX 26 | Central San Joaquin Valley News SourceAP Top News at 4:35 ... Calif. gas prices hit record high 2nd straight day. LOS ANGELES (AP) - California motorists faced another day of record-breaking gasoline prices Sunday, though relief appeared to be on the way. In its latest update early Sunday, AAA reported that the ...
Biz Break: Zynga shares hit all-time low, layoffs may loom Biz Break: Zynga shares hit all-time low, layoffs may loom And speaking of highs, gas prices in California approach the all-time record. Zynga plunges ... That's been the pattern this week across California, as gas prices approach the state's all-time high, set in 2008, after a series of refinery distribution ...	California Drivers Seeing Record Highs at the Pump California Drivers Seeing Record Highs at the Pump Former Shell Oil CEO John Hofmeister on the factors driving up the price of gas in California. Duration 4:31 ... At the pump for California drivers gas prices hitting new record highs this week gallon of regular unleaded now at 449 a gallon. ... That ...	Gas Shortage Hits O.C. Costcos Gas Shortage Hits O.C. Costcos "High gas prices, some stations running out/rationing/shortage - Holy Batman is Jimmy Carter in his second term?" asked user @SusanDadamo. "Record high gas prices close gas pumps in CA," Tweeted @jmattbarber. "Welcome to 1980, where the gas ain't ...	FAQ: Why are gas prices so high in Los Angeles? Everything you need to know FAQ: Why are gas prices so high in Los Angeles? Everything you need to know Southern California gasoline prices skyrocketed Friday to $4.53 a gallon, nearing the all-time record price set in 2008. And there's no relief in sight. ... What's behind the big spike, which has now placed us within spitting distance of our all-time ...
Prices at the pump near record high, supply remains tight Prices at the pump near record high, supply remains tight The highest average per gallon paid by motorists in Visalia and Tulare was at the beginning of summer in 2008, when prices hit $5.25. “These high gas prices stifle our ... California is second only to Hawaii when it comes to gas prices. The statewide ...	Gas Prices Gas Prices LOS ANGELES (KTLA) -- Gas prices seem to be climbing by the second, setting unwanted records, angering drivers and even causing closures at some pumps. Gas prices shot up 13 cents in some areas ... while in the Inland Empire, it's up to $4.62. The ...	US spot natgas rises 2nd day, nuclear outages support US spot natgas rises 2nd day, nuclear outages support NEW YORK (Reuters) - U.S. spot natural gas rose at nearly every price point across the country for a second straight day on Tuesday, as the high level of nuclear power plants offline for maintenance boosted near-term demand. ... Record heat this summer ...	Traders see signs of squeeze behind LA gasoline spike Traders see signs of squeeze behind LA gasoline spike Even in the notoriously volatile California market the spike was unprecedented, pushing retail prices to near a record high of nearly $5 a gallon. Multiple trade sources say West ... Exxon had restarted a refinery that had been hit by a power outage ...
Gas hikes hit the Valley Gas hikes hit the Valley Similar dramatic increases have been recorded all over the state, the Valley and at the El Centro Costco, where the cheapest gas was $3.99 on Thursday, only to increase to $4.19 by Friday. “Today is ... “Together this was a disruption in the supplies ...	Oil Prices Are Down But Gas Prices Continue To Skyrocket Oil Prices Are Down But Gas Prices Continue To Skyrocket SAN LUIS OBISPO, Calif. -- California's average gasoline prices rose 13 cents to $4.26 in the second quarter of 2012, a 3.1 percent increase compared to last year's second quarter average price of $4.13 according to the U.S. Energy Information ...	The Energy Report Friday October 5, 2012 The Energy Report Friday October 5, 2012 There is a particular tightness of California's summer blend of gasoline. These concerns drove gas prices to a record high average of $410 a gallon with many stations charging well over $5.00 a gallon. Trilby Lundberg says that the spike should be ...	Location helps 10 states with lowest gas prices Location helps 10 states with lowest gas prices A man walks past gas prices in Monterey Park, Calif. on Aug. 13, 2012. Seven states still have average prices above $4 a ... According to AAA's daily fuel gauge report, which measures gas prices around the country, prices have hit daily record highs at ...

Calif. Gas Prices Hit Record High 2nd... : Videos

Pumping up Prices: The Strategic Petroleum Reserve and Record Gas Prices Pumping up Prices: The Strategic Petroleum Reserve and Record Gas Prices Pumping up Prices: The Strategic Petroleum Reserve and Record Gas Prices - Select Committee on Energy Independence and Global Warming - 2008-04-24 ... Rated: 3.4     Duration: 5719 seconds     Video type: YouTube     Hosted by: www.youtube.com on Fri, 15 Apr 2011 07:14:46 PDT	Economics of Dependence on Foreign Oil - Rising Gasoline Prices Economics of Dependence on Foreign Oil - Rising Gasoline Prices Economics of Dependence on Foreign Oil - Rising Gasoline Prices - Select Committee on Energy Independence and Global Warming - 2007-05-09 - AS ... Rated: 4.7333331     Duration: 7135 seconds     Video type: YouTube     Hosted by: www.youtube.com on Mon, 11 Apr 2011 13:30:18 PDT	Report: USA Gas Prices At Highest Levels Ever "For This Time Of Year;" CA Gas Prices Hit Record High Report: USA Gas Prices At Highest Levels Ever "For This Time Of Year;" CA Gas Prices Hit Record High According to a new report, it's not just the state of California that is experience record gas prices currently. Apparently, the average cost ... Rated: 5     Duration: 142 seconds     Video type: YouTube     Hosted by: www.youtube.com on Sat, 06 Oct 2012 18:39:18 PDT	GGN- News Bulletin :: May 14, 2011 Part 1/4 GGN- News Bulletin :: May 14, 2011 Part 1/4 covering, ends week higher reut.rs Higher Gas and Food Prices Fuel US Inflation Rise bit.ly Japan's Benchmark Nikkei Average Hits Two-Week Low ... Rated: 5     Duration: 898 seconds     Video type: YouTube     Hosted by: www.youtube.com on Sat, 14 May 2011 18:06:48 PDT
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Calif. Gas Prices Hit Record High 2nd... : Latest News, Information, Answers and Websites

California gasoline prices ($4.66) hit record high for second straight ...

9 hours ago ... California gasoline prices ($4.66) hit record high for second straight day; jump 4 cents overnight: http://t.co/A773kxG4 -JM by AP ...

California Gas Stations Shut as Oil Refiners Ration Supplies ...

3 days ago ... Gasoline station owners in the Los Angeles area including Costco Wholesale Corp. are beginning to ... California Gas Stations Begin to Shut on Record-High Spot Prices ... Say After Probe · India Eight-Second Stock Rout Brings Trading Paranoia to Mumbai ... Unemployment Hits 7.8%: Success or Failure?

California Gas Prices Hit Record High

17 hours ago ... Gas prices hit an all-time high in California on Saturday, hitting $4.614. ... of gas edged past the previous record of $4.61, which was set in 2008, per ... Charlize Theron's Home Cursed: Second Murder Takes Place In House ...

California Gas Prices Hit Record High

Gas prices hit an all-time high in California on Saturday, hitting $4.614. The unprecedented surge in pump prices in the west ... California's average cost for a gallon of gas edged past the previous record of $4.61, which was set in 2008, per figures from AAA, reports Reuters. Some locations in California reported topping $5 ... Charlize Theron's Home Cursed: Second Murder Takes Place In House Where She Grew Up · Patrick Swayze's Widow Lisa Niemi Finds Love ...

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Oil Is Plentiful, Demand Weak. Why Are Gas Prices Going Up? Buzz Up Send Email IM Share Delicious Digg Facebook Fark Newsvine Reddit StumbleUpon Technorati Yahoo! Bookmarks Print Play Video WCNC Charlotte – Rising gas prices and more top stories Play Video Video:Gas prices creep up for holiday KGW NewsChannel 8 Portland, Ore. AP – High gas prices posted at a Shell gas station outside of Yosemite National Park in Yosemite, Calif., … By VIVIENNE WALT / PARIS Vivienne Walt / Paris – 42 mins ago Storage tankers across the globe may be brimming with oil that no one is buying because of the global economic downturn, but the traditional laws of supply and demand dont always apply to oil prices. Drivers have faced rising prices at the gas pump in recent months, as investors and oil-producing countries hoard supplies in anticipation of a global economic recovery later this year. The 12 member countries of the OPEC cartel voted in Vienna on Thursday to maintain output at current levels rather than increase supplies in order to bring some relief to consumers, particularly in the gas-guzzling West. The OPEC oil ministers, whose countries account for about 40% of the worlds entire crude-oil supply, also renewed their commitment to stick to their agreed quotas, rather than ship extra oil, as they began doing last April when several members ignored their agreed output limits. OPEC leaders, many of whose economies are heavily dependent on oil exports, have struggled to stabilize prices at a level that suits their own economic needs amid falling demand and rising supplies. Prices had rocketed to a record level of $147 a barrel last July before plummeting to $30 just five months later and beginning a new climb. (See pictures of South Africas oil-from-coal refinery.) Oil analysts believe OPECs decisions on Thursday could help push oil prices even higher; oil futures on the New York Mercantile Exchange have risen 36% in just two months, to about $63.46 a barrel on Thursday. And that appears to be on track to achieve targets set by OPEC leaders. Saudi Oil Minister Ali al-Naimi - OPECs key power player - said Wednesday that oil prices ought to rise to between $75 and $80 a barrel by the end of the year. "Demand is picking up, especially in Asia," he told reporters puffing alongside him as he jogged through the streets of Vienna. "The price rise is a function of optimism that better things are coming in the future." The economic recovery Naimi so optimistically predicts would certainly be vital to oil-producing countries, whose own economies would be imperiled by a drawn-out recession. Oil demand in rich countries has crashed since the onset of the economic crisis last year, and is now at its lowest level since about 1981, according to the Paris-based International Energy Agency. U.S. oil inventories - the stored surplus - this month reached their highest level since the 1980s. And about 2.6 billion barrels are currently stored in commercial tankers around the world. "There is some risk we will run out of storage space in the next four to six weeks," says Simon Wardell, director of global oil at IHS Global Insight, an energy-forecasting company in London. To oil-rich countries that possibility evokes grim memories of 1998, when the Asian economic crisis sent demand plummeting, driving world oil prices down to $10 a barrel. "If we run out of storage it could prompt a collapse in the price," says Wardell. Oil producers might then choose to dramatically cut output in order to run down the surplus. (See pictures from Azerbaijans oil boom.) Despite such dangers, investors and oil producers are betting that global demand will roar back, apparently hoping that the recession has already hit bottom. Over the past two months, investors have plowed billions of dollars into oil futures. If the U.S. and other major industrial economies rebound, oil supplies could be depleted because the recession has prompted producer nations to freeze hundreds of projects to open new oil wells or upgrade existing ones. In the oil-rich Niger Delta, a major Nigerian government offensive against rebels has seriously disrupted production for several weeks. Venezuelas Oil Minister Rafael Ramirez said in Vienna that his country could not afford to invest in major new oil exploration unless prices rise further. "We need a level of at least $70 [a barrel] to recuperate investment," he said on Thursday. Muhammad-Ali Zainy, senior energy analyst at the Center for Global Energy Studies in London, says oil demand could increase quickly once the recession ends, especially as China has begun to build up its strategic oil reserves. "We think the price is going to go up gradually," says Zainy. For those feeling the pain at the gas pumps, however, there is one piece of good news. Oil is unlikely to hit $147 a barrel again - at least not during the coming decades. The U.S. Energy Information Administration said on Wed Why isnt the U.S goverment spending our tax dollars to open our own oil companys to drill right here owed by the american people that would create obs and lower prices Right???
Category: Politics

California Gas Prices Jump By Up To 20 Cents Overnight

AP California gasoline prices ($4.66) hit record high for second straight day; jump 4 cents overnight: http://t.co/A773kxG4 -JM. 7 hours ago from SocialFlow · myfoxla Southern California Gas Prices Hit All-Time High as ...

Brown Seeks Early Release Of Winter-Blend Gas To Lower Fuel Costs

As Southern California drivers faced another day of record-breaking fuel costs, Governor Jerry Brown ordered the California Air Resources Board to allow refineries to roll out winter-blend gas, previously scheduled to be released on Oct. 31. ... “Gas prices in California have risen to their highest levels ever, with unacceptable cost impacts on consumers and small businesses,” Brown said in a statement issued by his office on Sunday. Find The Lowest Gas Prices Near ...

Calif. gas prices hit record high 2nd straight day | Business and ...

Calif. gas prices hit record high 2nd straight day · Costco members fill up with discounted gasoline at a Costco gas station in Van Nuys, California motorists faced another day of record-breaking gasoline prices Sunday, though ...

California Gas Prices Hit All-Time High Average of $4.6140 a Gallon ...

The price of gasoline has officially hit an all-time average high in California of $4.6140 a gallon Saturday, fueled by a reduced supply and a volatile market. The record was set by a fraction of... ... rising, unemployment still rampant, food shortages expected next year, the deficit sitll projected at 1+ trillion a year, inflation on the rise, the looming sequestration and tax increases for 2013, the Middle East ablaze I'd have to say that Obama has earned a 2nd term. SURE ...

Calif. gasoline prices hit all-time high - twice - Yahoo! Finance

9 hours ago ... Calif. gasoline prices hit new all-time high for second straight day; jumps ... costs that saw some stations close and others charge record prices.

Calif. Gas Prices Hit All-time Record High - weather.com

23 hours ago ... The price of gasoline hit an all-time average high in California of $4.6140 a gallon Saturday, ... The record was set by a fraction of a penny, according to AAA spokesman Michael Green. .... Fall is 'Second' Tornado Season ...

Gas prices hit record highs again in Southern California, across state

Gas prices hit record highs again in Southern California, across state; regular gallon in LA area at $4.696 - @nbcla. ... The price of gasoline in California equals an all-time high of $4.61 per gallon, a record set in June 2008 - @AP ... Health officials report 2nd West Nile virus death in Los Angeles County, Calif. - @CBSLA ...

Calif. gasoline prices hit all-time high - twice - 21 News Now, More ...

The price of gasoline rose to an all-time high in California and is expected to continue climbing before leveling off later this week. ... Calif. gasoline prices hit all-time high - twice ... A southwestern Pennsylvania man used the identity of a baby who died in 1953 to get a second state identification card from the Pennsylvania Department of Transportation.More > .... Obama accuses Romney of running from his own record as aides promise changes for next debateMore >> ...

Gas Prices Hit Record High In CA - High Gas Prices - Fox Nation

2 days ago ... California Gas Stations Shut as Oil Refiners Ration SuppliesBy Lynn ... Gas Prices Hit Record High In CA ... A Second Chance of a Lifetime .

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California motorists faced another day of record-breaking gasoline prices Sunday, though relief appeared to be on the way. ... In 2nd District, Republicans are way ahead in … ... Calif. gasoline prices hit all-time high - twice ...

Calif. gasoline prices hit new all-time high for second straight day ...

12 hours ago ... Calif. gasoline prices hit new all-time high for second straight day; ... day of record-breaking gasoline prices Sunday, though relief appeared to ...

Calif. gas prices hit record high 2nd straight day | Nation & World ...

10 hours ago ... LOS ANGELES —. California motorists faced another day of record-breaking gasoline prices Sunday, though relief appeared to be on the way.

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