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California to be socked with price spike

GasBuddy Blog -- As we surmised Monday, as temperatures seem to climb, so do gasoline prices. This is seemingly the case in California where a late season heat wave has spelled trouble for refineries as power problems have led to sudden drops in gasoline production, fueling fears of supply issues.

Wholesale gasoline prices, the price gas stations pay for their gasoline, surged yesterday and is continuing to mount an impressive rise today. If gains on the market so far today hold, wholesale prices may be as much as 73c/gal higher than they were a week ago today. Such a spike could lead to massive spikes over the next week in California as stations sell through their cheaper gasoline and begin to raise prices to offset the higher cost of replenishment...

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Submitted Oct 02, 2012 By: PD

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dcone2 All-Star Author Los Angeles Posts:929 Points:86,585 Joined:Jul 2012	Message Posted: Oct 26, 2012 10:22:41 PM Ignore dcone2 Report Abuse ok
Gas4Gore Champion Author Detroit Posts:2,431 Points:425,825 Joined:Jan 2010	Message Posted: Oct 26, 2012 9:47:50 PM Ignore Gas4Gore Report Abuse Michigan too. Gov. Snyder wants a 19 cents tax hike. If he does more of that he will be gone.
J Eric Champion Author Los Angeles Posts:10,282 Points:2,073,005 Joined:Feb 2004	Message Posted: Oct 25, 2012 10:05:33 PM Ignore J Eric Report Abuse Prices for USA Gasoline regular today are back down to $4.159. Some stations are selling in the high-threes. Beat it, "Spike!"
clpassenubye Champion Author Los Angeles Posts:3,359 Points:756,105 Joined:Mar 2011	Message Posted: Oct 16, 2012 5:28:50 PM Ignore clpassenubye Report Abuse Socked right in eye
dcone2 All-Star Author Los Angeles Posts:929 Points:86,585 Joined:Jul 2012	Message Posted: Oct 15, 2012 5:29:41 PM Ignore dcone2 Report Abuse ok
Donatelo Champion Author Dayton Posts:1,127 Points:294,405 Joined:Apr 2011	Message Posted: Oct 14, 2012 7:43:11 PM Ignore Donatelo Report Abuse coming soon to your area
clpassenubye Champion Author Los Angeles Posts:3,359 Points:756,105 Joined:Mar 2011	Message Posted: Oct 14, 2012 3:51:04 PM Ignore clpassenubye Report Abuse over and over and over again
Gas4Gore Champion Author Detroit Posts:2,431 Points:425,825 Joined:Jan 2010	Message Posted: Oct 12, 2012 7:02:17 AM Ignore Gas4Gore Report Abuse California has brought this upon themselves.
J Eric Champion Author Los Angeles Posts:10,282 Points:2,073,005 Joined:Feb 2004	Message Posted: Oct 11, 2012 9:18:02 PM Ignore J Eric Report Abuse Prices at USA Gasoline, a low-price chain, dropped by two cents this evening, to $4.639 per gallon, regular. We are hoping for "More Like This."
Gas4Gore Champion Author Detroit Posts:2,431 Points:425,825 Joined:Jan 2010	Message Posted: Oct 11, 2012 6:46:55 AM Ignore Gas4Gore Report Abuse ok
DucatiRider Rookie Author Maryland Posts:70 Points:1,200 Joined:Sep 2012	Message Posted: Oct 9, 2012 12:11:06 PM Ignore DucatiRider Report Abuse Commiefornia -- you reap what you sow.
Donatelo Champion Author Dayton Posts:1,127 Points:294,405 Joined:Apr 2011	Message Posted: Oct 9, 2012 8:32:50 AM Ignore Donatelo Report Abuse ok
honda0105 Champion Author Tallahassee Posts:18,643 Points:1,611,470 Joined:Nov 2008	Message Posted: Oct 9, 2012 3:48:58 AM Ignore honda0105 Report Abuse Kar: lol. Sometimes gotta use that button too often, eh?
KAR120CSII Champion Author Oregon Posts:3,193 Points:623,520 Joined:Apr 2010	Message Posted: Oct 4, 2012 5:49:31 PM Ignore KAR120CSII Report Abuse Bye, bye Alaydown -- off into the ether zone with your friends -- no place for political drivel here. The 'Ignore' button please --
clpassenubye Champion Author Los Angeles Posts:3,359 Points:756,105 Joined:Mar 2011	Message Posted: Oct 4, 2012 12:10:33 PM Ignore clpassenubye Report Abuse We are getting leveled not socked
sparky808 Champion Author Honolulu Posts:3,013 Points:600,660 Joined:Sep 2011	Message Posted: Oct 4, 2012 11:26:50 AM Ignore sparky808 Report Abuse old post.
DesertRat2011 Champion Author Riverside Posts:3,628 Points:487,755 Joined:Jun 2011	Message Posted: Oct 4, 2012 9:12:43 AM Ignore DesertRat2011 Report Abuse UP 30 cents in two days out here in the desert of So. Ca. Diesel is now the lowest prices fuel at many stations. (I own two diesels) :)
lcleveland Champion Author San Antonio Posts:2,671 Points:653,300 Joined:May 2011	Message Posted: Oct 4, 2012 6:48:18 AM Ignore lcleveland Report Abuse sorry
Alaydown Champion Author Los Angeles Posts:5,131 Points:824,820 Joined:May 2007	Message Posted: Oct 4, 2012 12:13:30 AM Ignore Alaydown Report Abuse California only has itself to blame for the high prices because they continue to vote for DemocRATs in Sacramento and because they supported the cap-and-trade law that is now in effect.
J Eric Champion Author Los Angeles Posts:10,282 Points:2,073,005 Joined:Feb 2004	Message Posted: Oct 3, 2012 10:42:29 PM Ignore J Eric Report Abuse No power problems out here that I know of. Just election-year gouging. Prices went up at least 6 cents overnight (that's at USA, a low-price station; other brands had greater increases). Somebody bring us some Pemex!
bston Champion Author Oklahoma City Posts:1,830 Points:644,225 Joined:Mar 2011	Message Posted: Oct 3, 2012 9:22:27 PM Ignore bston Report Abuse Sorry for those that live in California.
robaloma Champion Author Houston Posts:2,611 Points:693,575 Joined:Feb 2011	Message Posted: Oct 3, 2012 3:45:49 PM Ignore robaloma Report Abuse OK
snappytom2 Champion Author Corpus Christi Posts:3,561 Points:275,220 Joined:Jul 2008	Message Posted: Oct 3, 2012 3:27:10 PM Ignore snappytom2 Report Abuse The speculators and big oil know how to punish blue states. Look at what they have been doing to Illinois.
DanMtz Champion Author Oakland Posts:3,365 Points:1,245,375 Joined:Oct 2009	Message Posted: Oct 3, 2012 2:13:51 PM Ignore DanMtz Report Abuse Does anyone in this state know how to operate a refinery?
TuanCanCook Champion Author Los Angeles Posts:12,737 Points:659,465 Joined:Jun 2011	Message Posted: Oct 3, 2012 1:55:11 PM Ignore TuanCanCook Report Abuse Up over 25 cents/gal today in my area!
Cheepo Champion Author Tampa Posts:9,889 Points:3,128,005 Joined:Apr 2003	Message Posted: Oct 3, 2012 1:28:59 PM Ignore Cheepo Report Abuse That does not make sense!!!!!!
Gastroenteritis All-Star Author Jacksonville Posts:535 Points:72,460 Joined:Nov 2008	Message Posted: Oct 3, 2012 12:57:17 PM Ignore Gastroenteritis Report Abuse oil down to $88.42 3.47 3.78% Gas down $2.79 -2.74% This is just the beginning... the system is doing some changes.
FOURXFOUR Champion Author Boston Posts:2,476 Points:1,249,155 Joined:Aug 2005	Message Posted: Oct 3, 2012 12:55:37 PM Ignore FOURXFOUR Report Abuse VOTE ROMNEY!!!
carloco75 Champion Author Richmond Posts:3,721 Points:602,965 Joined:Oct 2010	Message Posted: Oct 3, 2012 12:54:03 PM Ignore carloco75 Report Abuse Californication... [Edited by: carloco75 at 10/3/2012 2:55:32 PM EST]
FJCruiserCA All-Star Author California Posts:517 Points:325,800 Joined:Dec 2010	Message Posted: Oct 3, 2012 12:53:54 PM Ignore FJCruiserCA Report Abuse yup
DeeLA Champion Author Los Angeles Posts:4,828 Points:1,367,280 Joined:Nov 2008	Message Posted: Oct 3, 2012 12:52:57 PM Ignore DeeLA Report Abuse Old news, the spike is three days old. Arco up 10 cents and Chevron up 20 cents in all grades in two days.
btex49 Champion Author Austin Posts:2,730 Points:533,030 Joined:Aug 2011	Message Posted: Oct 3, 2012 12:52:47 PM Ignore btex49 Report Abuse I am glad I'm not in California!
smenzel Champion Author Seattle Posts:2,070 Points:1,107,855 Joined:Mar 2007	Message Posted: Oct 3, 2012 12:51:57 PM Ignore smenzel Report Abuse Ouch
regasaz Champion Author Phoenix Posts:5,775 Points:1,283,130 Joined:Dec 2006	Message Posted: Oct 3, 2012 12:50:10 PM Ignore regasaz Report Abuse Makes one wonder why folks want to live in Californa.
nru Champion Author Twin Cities Posts:1,758 Points:985,105 Joined:Feb 2006	Message Posted: Oct 3, 2012 12:47:57 PM Ignore nru Report Abuse hmmm... follow the money
neemund Champion Author Seattle Posts:6,566 Points:1,548,425 Joined:Jan 2007	Message Posted: Oct 3, 2012 12:46:22 PM Ignore neemund Report Abuse California is bringing it on themselves so I really have no sympathy.
manbig13 Champion Author Cleveland Posts:1,431 Points:557,475 Joined:May 2011	Message Posted: Oct 3, 2012 12:42:47 PM Ignore manbig13 Report Abuse really
honkerman Champion Author San Jose Posts:44,337 Points:2,399,045 Joined:Jul 2004	Message Posted: Oct 3, 2012 12:41:31 PM Ignore honkerman Report Abuse Already rocked with price spike, thank you very much.
TJude Rookie Author San Jose Posts:16 Points:55,445 Joined:Dec 2004	Message Posted: Oct 3, 2012 12:39:18 PM Ignore TJude Report Abuse "Oil below $90 as demand concerns grow"
spdude Veteran Author Oakland Posts:449 Points:378,755 Joined:Mar 2006	Message Posted: Oct 3, 2012 12:38:52 PM Ignore spdude Report Abuse Come on! Using warm temperatures in California as the reason for raising gas prices. That's like raising gas prices in the state of Washington because of rain.
dan30thz28 Champion Author New Jersey Posts:5,928 Points:1,984,940 Joined:Feb 2006	Message Posted: Oct 3, 2012 12:37:35 PM Ignore dan30thz28 Report Abuse Glad to be in NJ!
Boby Champion Author San Francisco Posts:1,426 Points:2,193,790 Joined:Jun 2004	Message Posted: Oct 3, 2012 12:36:34 PM Ignore Boby Report Abuse Sock it to me
07skydriver Champion Author Ohio Posts:3,270 Points:985,160 Joined:Feb 2009	Message Posted: Oct 3, 2012 12:34:57 PM Ignore 07skydriver Report Abuse Comes with a garden salad
DYSKYPILOT Champion Author Fort Worth Posts:2,912 Points:627,655 Joined:Mar 2006	Message Posted: Oct 3, 2012 12:33:05 PM Ignore DYSKYPILOT Report Abuse drive to Arizona!!
caddilac Champion Author Ontario Posts:16,616 Points:2,142,405 Joined:Apr 2007	Message Posted: Oct 3, 2012 12:32:50 PM Ignore caddilac Report Abuse I don't live in California and we were already socked with a price spike.
THX138 Champion Author San Francisco Posts:2,567 Points:1,016,795 Joined:Apr 2010	Message Posted: Oct 3, 2012 12:32:50 PM Ignore THX138 Report Abuse K
mustang910 Sophomore Author Minnesota Posts:135 Points:691,230 Joined:Dec 2010	Message Posted: Oct 3, 2012 12:30:22 PM Ignore mustang910 Report Abuse great
redtruck01 Champion Author North Carolina Posts:1,593 Points:1,360,885 Joined:Mar 2009	Message Posted: Oct 3, 2012 12:27:49 PM Ignore redtruck01 Report Abuse They aren't the only ones.
srchr Champion Author San Jose Posts:7,264 Points:1,622,000 Joined:Apr 2008	Message Posted: Oct 3, 2012 12:27:02 PM Ignore srchr Report Abuse good call
19sheldon43 Champion Author Los Angeles Posts:3,979 Points:843,010 Joined:Jul 2009	Message Posted: Oct 3, 2012 12:26:19 PM Ignore 19sheldon43 Report Abuse Talk about a spike 14¢ over night. I did reveive a Gas alert from GB just last night and I thank you for that