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San Diego County gasoline prices rise by record amount


Friday, October 5th, 2012
Issue 40, Volume 16.


SAN DIEGO - The average price of a gallon of self-serve regular gasoline in San Diego County recorded its largest single-day increase today, rising 19.5 cents to $4.523, its highest amount since July 10, 2008.

The average price has risen for seven consecutive days, including 9.2 cents on Thursday and 5.8 cents on Wednesday, and is 40.7 cents more than one week ago, 36.7 cents higher than one month ago and 70.9 cents greater than one year ago, according to figures from the AAA and Oil Price Information Service.

The record price is $4.63, set on Advertisement
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June 19, 2008.

"Reportedly in recent weeks, local refineries were dropping production levels, exporting supply to Mexico and other countries, and allowing inventory to dwindle in anticipation of switching over to production of winter blend gasoline, then a refinery power outage and a pipeline incident occurred on Monday that sent wholesale markets into a panic about the adequacy of California fuel supplies," said Jeffrey Spring of the Automobile Club of Southern California.

Spring said "it's not clear" how much higher prices will go.

"A lot depends on whether the perceived supply issues are quickly addressed," he said.


 

19 comments

Comment Profile ImageWONDERFUL!
Comment #1 | Saturday, Oct 6, 2012 at 4:09 am
Give us all some more great news!
Comment Profile ImagePreston
Comment #2 | Saturday, Oct 6, 2012 at 6:43 am
If the people had voted to get off foreign dependency a long time ago we would have more affordable gas now. When it hits $10/gallon perhaps we will reconsider.
Comment Profile ImageBrookie
Comment #3 | Saturday, Oct 6, 2012 at 8:47 am
" exporting supply to Mexico and other countries"!!!! When are we going to quit bending over backwards to help everyone else out? This makes me sick!
Comment Profile Image3 year home owner in Fallbrook.
Comment #4 | Saturday, Oct 6, 2012 at 10:34 am
$4.79 a gal on Base yesterday. Ouch!
Comment Profile ImageFallbrook Res
Comment #5 | Saturday, Oct 6, 2012 at 10:47 am
The gas prices ares just making me sick to my stomache. I got gas in town on Monday, and yesterday (Friday) I was running errands and the gas price had jumped 40 cents already! My husband and I were barely hanging on by a thread financially and now, we may go under if gas prices keep going up. I agree with Preston...they predict some of the stations in southern CA will go out of business...more people on unemployment, it's a bad road that CA is on. Good luck to all of you!
Comment Profile ImageRetroRick
Comment #6 | Saturday, Oct 6, 2012 at 11:51 am
QE3 and an increasingly worthless dollar don't help either. Commodities are the first thing to spike when the Fed gets fast and loose with money supply. Add California regs and an unstable Middle East and no domestic energy policy and we'll be lucky not to see $6 gasoline next month especially if Presidential leadership remains unchanged.
Comment Profile ImageOld Fallbrook Local
Comment #7 | Saturday, Oct 6, 2012 at 1:30 pm
Preston: As long as the Calif. legislature is Democrat controlled it will never happen. There has not been a new refinery built in California in over 31 years!
Comment Profile ImageVote for a change
Comment #8 | Saturday, Oct 6, 2012 at 4:19 pm
Anyone tired of this gas price gouging needs to change the president of this country and elect one who stands firm on what is best for America instead of Hussein Obama who is in bed with the Middle East.
Comment Profile Imageproud american
Comment #9 | Saturday, Oct 6, 2012 at 4:30 pm
this is why we should "BUY AMERICAN' the job you save could be your own! remember that old slogan ?
Comment Profile Imageobservant
Comment #10 | Saturday, Oct 6, 2012 at 9:48 pm
It's strange how prices are now higher with oil at $90 per barrel than they were four years ago when oil was at $140 per barrel.
Comment Profile ImageGovernor Brown
Comment #11 | Sunday, Oct 7, 2012 at 6:11 am
When is the GOV going to step in and release the winter gasoline?Be a REAL man Jerry. This was just another premeditated ploy, by the oil companies, to take advantage of us hard working citizens (for those of us who still have jobs) who commute daily.
Comment Profile ImageTerry Leather
Comment #12 | Sunday, Oct 7, 2012 at 8:14 am
When asked about rising gas prices, Obama....

said “These aren’t the gas prices you think they are…”

said “Well if you just put more air in your tires, we could eliminate the deficit…”

said “Look at you, still bitterly clinging to your car, house, family, and religion…”
Comment Profile ImageMe
Comment #13 | Sunday, Oct 7, 2012 at 10:31 am
Amen.....to all 11 comments!
Comment Profile ImagePat
Comment #14 | Sunday, Oct 7, 2012 at 7:02 pm
Whats happened with gas prices is the same thing that has happened with food and health-care prices. I wish we could force lefties to read the ones who scoff when you call what they do socialism.


http://mises.org/daily/5080/Overt-and-Covert-Socialisms
Comment Profile ImagePreston
Comment #15 | Monday, Oct 8, 2012 at 8:30 am
Old Fallbrook Local, You are right but if we start at the top and fix the welfare system we might get there. I live in South Fallbrook and have never seen so many Republican signs as there are now.
Comment Profile ImageFUNNY
Comment #16 | Monday, Oct 8, 2012 at 10:24 am
The article states the average price of "self-serve" gasoline. haha Is there any other kind? Does someone know where you can get your gas pumped for you and your windows washed... Ah the good old days.
Comment Profile ImageFR 86
Comment #17 | Monday, Oct 8, 2012 at 3:56 pm
To Funny:

You know I can't recall anywhere in San Diego that actually pumps your gas for you...........I pass through Rancho Santa Fe and even there it's self serv right under Jenny Craig's Mansion.....

I imagine Beverly Hills must have somewhere that pumps gas for the poor house wife with her $150K Mercedes Benz SUV.

Man the times have changed.
Comment Profile ImageConcerned Senior
Comment #18 | Tuesday, Oct 9, 2012 at 11:31 am
Gov Brown has released the winter blend early. I suspect he is only doing this to get his proposition 30 passed. Think about it. AB32, the final solutions act, which he and all the leftist support, is designed to get prices of all energy up to a price to cut emissions down to 1990 levels. Brown WANTS gas to eventually get to around $10/gal. He just can't afford the political fall out of high prices right now. I sure hope you all vote NO on proposition 30.

BTW, Pat I really found your recommendation enlightening.... http://mises.org/daily/5080/Overt-and-Covert-Socialisms
Even if you did get them to read it, they would never understand it.
Comment Profile ImageTHEM
Comment #19 | Thursday, Oct 11, 2012 at 2:40 pm
I read and understood it, just don't agree with it.

Article Comments are contributed by our readers, and do not necessarily reflect the views of The Fallbrook Village News staff. The name listed as the author for comments cannot be verified; Comment authors are not guaranteed to be who they claim they are.

 

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