http://www.cbsnews.com/8301-18563_16...-gas-stations/The fast-rising prices are linked to a string of supply disruptions, beginning with a huge fire at San Francisco-area Chevron refinery in August.
On Monday, a power failure shut down an Exxon Mobil refinery in Southern California. And a crude oil pipeline in the state is also out of service.
California pollution rules require a gasoline blend that isn't readily available from refineries outside the state.
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Oil producers are just testing the market threshold. Prices will never return to pre-shortage levels. Why go back to $4 when people still buy at $5 ? Prices around the rest of the country will creep up to match the price spreads seen before this "crises".
Females who don't give head end up as crazy cat ladies.
High fuel prices may drive Americans to more economical cars, but small cars are still an anathema here. What manufacturers will need to do is bring over their (turbo)diesel cars, and their smaller-engined versions of cars we already have. Our belief that you need stump-pulling torque and 7-seats to safely transport a single infant means the market for small, economical cars is limited here.
Lately I have been testing "tip-in events". Just the tip-in. Just to see how it feels. Response time is typically on the order of 2-3 seconds. Sometimes the injection timing is a little off...
I also haven't owned a car with such amazing fuel economy as the Forester... (avg 18mpg mixed)
2.0 for life, 224k miles (unless I'm in the 2.5xt)
Saw the light, now rocking fender gap on RPF1s
Gas prices would be high regardless of the tax amount. Just look at the profits of big oil. In both good and bad times, they make incredible profits. They know that the demand for gasoline is a rather inelastic in the short term, which allows them to charge high prices and have spectacular quarters. Over the long term they might suffer, but only if there's a movement to another fuel. Lowering taxes hampers the movement to alternatives.
The quickness at which it has been going up and down really bothers me. I think just 2 months ago it was 4 dollars for premium at the expensive station near me, now its 4.50. It will probably go down by 20 cents in the next 2 months but grr its so damn unstable! And the trend has been up up up way quicker than any of us have seen in our lives in the last 10 years or so.