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Gas Prices Continue To Rise
by IcEr3K Tuesday 24-Feb-2004
LOS ANGELES -- The retail price of gasoline surged in California last week to an average of $2.03 per gallon, as two unexpected refinery shutdowns caused a sharp run-up in wholesale markets.

Analysts said the market's quick response was a harbinger of what is to come when the peak summer driving season kicks in, not only out West, but also in the Midwest and Northeast.

"It was a typical West Coast price spike due to a supply disruption," said Jacob Bournazian, an analyst at the Energy Information Administration, the statistical arm of the Energy Department.

In California, the retail price of gasoline rose 16.1 cents per gallon, or 8.6 percent, for the week ended Feb. 23, the EIA reported Monday.

"I'm sure some retail prices jumped more than 20 cents," Bournazian said.

The California gasoline market is notoriously volatile, analysts said, because strict clean-air rules require a steady flow of specially formulated gasoline that cannot be quickly imported from other states.

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FutureMon
Keep your Mitts off RMoney
Premium,ExMod 2002-05
join:2000-10-05
Seaside, CA

Grrr this sucks!

Yeah, it's $1.99 - $2.05 in my area as of yesterday. However, we shouldn't really feel so bad I suppose. People in Europe are used to paying upwards of $5 per gallon...so if you think about it, we've got it pretty good.

(It just hurts when I have to go fill up my 24 gallon Dodge tank...)

- FM
--
DCExec Member, Member of 'StarFire Seven' & Undisputed BBR Karaoke Champion!

CatSnak
RIP Splashy - We miss you
Premium
join:2001-05-06
Lakeside, CA

Re: Grrr this sucks!

Yeah it hurts when I have to fill up my dual tanks, one 18 gallon and one 16 gallon, on my Ford.

Ouch! I'm paying almost $60 every time I fill up.

RR Conductor
Happy 40th Amtrak
Premium
join:2002-04-02
Redwood Valley, CA
kudos:1

Re: Grrr this sucks!

You need to get a better vehicle to commute in Or, ride Metrolink, which saves your sanity as well

FutureMon
Keep your Mitts off RMoney
Premium,ExMod 2002-05
join:2000-10-05
Seaside, CA

Re: Grrr this sucks!

My current commute is not so bad, really. I've only got 7 miles to go each way...

- FM

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