Just in time for Presidents Day: Here comes $4 gas in Los Angeles

Discussion in 'In the News' started by ALS, Feb 18, 2012.

  1. ALS

    ALS Super Moderator Staff Member

    [​IMG] California's average stands at $3.956 a gallon, which is also a record for Feb. 17, breaking the old mark set last year by a whopping 45.3 cents a gallon.

    [FIMG=LEFT]http://www.cleanmpg.com/photos/data/506/gas_price3.jpg[/FIMG]Ronald D. White - LATIMES - Febuary 17, 2012

    Just in time for Presidents Day: get ready for the long holiday weekend's highest prices ever in Southern California as $4 gasoline is expected to arrive in Los Angeles, Long Beach, and probably Orange County, too.

    That's what energy analysts are predicting as the average price of a gallon of gasoline in the Los Angeles-Long Beach area reached $3.996 a gallon overnight, up nearly 2 cents since Thursday. That was also a jump of 15.9 cents a gallon since last week.

    That's according to the AAA Fuel Gauge Report, a daily record of credit card receipts compiled from more than 100,000 service stations around the U.S. by the Oil Price Information Service in New Jersey and by Wright Express.

    Not far behind the L.A. area: San Diego is also on the brink at $3.992 a gallon, up 16.2 cents since last week, according to the report. Orange County was also on the cusp, rising 16.2 cents a gallon in the past week to an average of $3.989 a gallon.... [RM]http://www.latimes.com/business/money/la-fi-mo-four-dollar-gas-20120217,0,7150361.story[/RM]
  2. herm

    herm Well-Known Member

    Must be a special gasoline blend that California uses.
  3. msirach

    msirach Well-Known Member

    I saw inner city prices in Chicago last week at $4.83. Within 30 miles of where I live, it ranges from 3.369 to 3.559.
  4. t4haughton

    t4haughton Active Member

    I'm always hoping for higher gas prices. $10/gallon might help us get off the imported stuff.

    Climbing gas prices don't help this president though. Anybody remember how drastically they dropped right before the 2008 election. Under $2 IIRC.
  5. JusBringIt

    JusBringIt Be Inspired

    Politicians don't have that much control over oil prices...

    Anyway, looks like some scary times ahead...as soon as I get the next influx of funds I'll be getting those ecopias and new set of rims that should save me quite a few dollars in fuel. :). I'll see if I can get an average over 40mpg once I get them on. Speaking of which, I need to start logging tanks again. I've been averaging around 30mpg this winter.
  6. uRabbit

    uRabbit Well-Known Member

    And why do we have soaring gas prices?



    Wonder if that Keystone XL will actually do more good than harm...
  7. uRabbit

    uRabbit Well-Known Member

    They could always just... y'know... not let Big Oil buy-out votes...
  8. herm

    herm Well-Known Member

    Higher oil prices means depressed economy, no jobs, more dependency on gov and you know what party supports that.
  9. ItsNotAboutTheMoney

    ItsNotAboutTheMoney Super Moderator Staff Member

    Means a more depressed economy. But the question is will it have as much of an effect as the last cycle?
    Has logistics adjusted supply chains to improve distribution efficiency?
    Have people purchased more efficient vehicles?
    Are people traveling less to spend their money?

    In other words: has there been any significant shift from depending on petroleum to provide energy per dollar of economic activity?

    For my wife and I, petroleum expenditure per mile for driving is lower than in 2008 because we bought the Prius. But, like many in New England we still heat with heating oil and that really pushes up the cost. We haven't yet made a switch. However, I think that overall in New England people have switched more and more away from heating oil over to pellets, wood, propane and natural gas. Another jump in prices and it would be another summer where people switch.
  10. Earthling

    Earthling Trying to be kind to Mother Earth

    The futures markets have to anticipate what oil may cost in the future. The Iran situation threatens the closure of the Straits of Hormuz. Therefore the price must go up to factor in the risk from that.

  11. ALS

    ALS Super Moderator Staff Member

    Now you know why Iran pulls the crap they do, to keep the oil supply in the news.

    Higher Prices, more revenue for the Government.
  12. MaxxMPG

    MaxxMPG Hasta Lavista AAA-Vee Von't Be Bach

    At the station up at the corner, it's 3.899 / 3.999 / 4.179 for 87/89/Prem. Diesel is 4.399.
    So on Long Island, $4/gal has arrived for midgrade, and regular should hit the big Four Dot Oh Dot Oh within the next couple of weeks.

    In a related story, the lease is up on my sister's Toyota in the next couple of weeks, and she has selected her next vehicle. And fuel economy played a major part in her decision. I won't say yet what it is, but it was what I was driving in early September of last year. Since she drives close to 15k miles a year in mixed city/highway, she will only be spending $2 for every $3 she is spending now for fuel. And the fact that the lease payment is $70 less than the Toyota payment is just the icing on a very sweet cake.
  13. herm

    herm Well-Known Member

    "Now you know why Iran pulls the crap they do, to keep the oil supply in the news."

    I think insanity has more to do with it.
  14. JusBringIt

    JusBringIt Be Inspired

    What doesn't love money and attention?

    Just paid $3.799999999999 for regular here....
  15. Pavel4

    Pavel4 Well-Known Member

    Is gasoline really expensive? If you add in all the actual costs (military, damage to the environment, etc. etc.) it would be double the price.

    We pay about $1.28Canadian per litre ($5US per gallon) right now for regular. Check the prices in Europe or Japan, they are much higher still.

    All these prices have been held artificially low for too long. We are only beginning 'to pay our way'.
  16. ALS

    ALS Super Moderator Staff Member

    That is the same reason I bought my Prius. My fuel cost is somewhere between 40 and 45 percent, of what I was spending with my old car.
  17. MaxxMPG

    MaxxMPG Hasta Lavista AAA-Vee Von't Be Bach


    Given the raw numbers, you and my sister both came to the same conclusion. She doesn't take kindly to suggestions (rather stubborn and set in her ways), but if she's willing to listen, I can tell her how to more than double her current mpg number in the Toyota. Maybe another buck a gallon will open her mind?

    On the test drive, she gave the acceleratior pedal the "Chris Brown Slapdown" multiple times to "make sure it has enough power to get on the highway". And arriving back at the dealer, the aFCD read 29.5, which translates to a real 27.8. Already about 4 better than the Toyota. During the drive, I told her (with the sales associate also in the car), that fuel economy is not a freebie. On any car with high EPA numbers, you need to commit to driving the car in a way that makes those numbers possible. I wanted to be sure she knew that it wasn't a magical chariot, but rather a powerful tool that, when used properly, can punch through any EPA number and deliver mpg results beyond what anyone (who doesn't visit CleanMPG) would consider possible. Time will tell if she takes the advice.
  18. 08EscapeHybrid

    08EscapeHybrid Moderator

    Has everyone downloaded the GasBuddy app to their smartphones yet?
  19. ksstathead

    ksstathead Moderator

    Just did it after seeing your post. Looks good. Thanks!
  20. SentraSE-R

    SentraSE-R Pishtaco

    Today's California average regular price is >$4/gal., $4.009/gal today. Needles, CA gas prices are always high.

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