Gasoline angst

Rising Gas PricesTalk about sticker shock – in recent days, Californians including us here in Inyo-Mono, woke up to gasoline prices that had suddenly jumped up by as much as 50 cents per gallon overnight. Governor Jerry Brown ordered the California Air Resources Board to start use of California’s winter blend as soon as possible. That blend, which is slightly more polluting, normally starts up at the end of October.

Even that move will not likely bring prices down as much as they went up. Officials say the winter blend use would increase gasoline supplies by nearly 10%. In the Eastern Sierra, a gallon of regular now goes for about $5.09 in Mammoth Lakes and between $4.44 and $4.69 in Bishop and the Owens Valley. The average price in the state hit $4.67 per gallon of unleaded gas.

Reports say that the Air Resources Board’s action was the first time since 2005 – when gas supplies were affected by refinery disruptions in the wake of Hurricane Katrina – that the air board has approved early conversion to winter-gas blends. News reports indicated that refinery and distribution pipeline problems in California led to the sudden price jump.

Record-setting prices at the pump have also prompted calls for a federal investigation. Senator Barbara Boxer reportedly asked the Department of Justice’s oil and gas price fraud division to investigate reported maintenance issues at refineries.

Senator Dianne Feinstein asked the Federal Trade Commission to investigate for a potential trading scheme.

 

 

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14 Responses to Gasoline angst

  1. Jeremiah's Alter Ego October 10, 2012 at 11:47 am #

    Gasoline is a non sustainable practice and what is it gonna take two put other source’s on the table? Do we need to by the republican party back from the Koch Brothers and big oil industry to at least have alternative’s on the table?
    How can we keep taking our convenient lives for granted and not understand the sacrifices it takes to survive in a real world where there is no abundance of natural resources.
    Political corruption makes me sick!
    Corruption in our justice system makes me sick!
    And SHEEP voters make me sick!

     
    • Devout Liberal October 11, 2012 at 2:52 pm #

      Jeremiah’s Alter Ego,

      You are so right ! Just think Solyndra !!!!
      500 million plus to somebodys friends.
      Spend it then go BK.
      Might as well flush the $ down the toilet.

      Political Corruption Makes Me Sick !!!!!

       
      • Benett Kessler October 11, 2012 at 2:58 pm #

        There may be other facts on this. I remember a program on Solyndra or a segment that revealed incredibly bad timing on the part of
        the endeavor had a lot to do with its failure. Benett

         
        • Steve K October 11, 2012 at 9:55 pm #

          What about Abound Solar? They received 400 million from taxpayers and are now going bankrupt. Bad timing?

           
      • Ken Warner October 11, 2012 at 3:19 pm #

        Yeah, Solyndra — the favorite zombie lie of the uninformed.

        Here’s the time line of the Solyndra loan guarantee. Don’t bother to read it since it obviously conflicts with your notion of reality and we can’t have that.

        For those of you with the courage (and ability) to read, notice that the Bush administration created the 1703 Loan Guarantee Program under which Solyndra was given a guaranteed loan.

        http://thinkprogress.org/climate/2011/09/13/317594/timeline-bush-administration-solyndra-loan-guarantee/?mobile=nc
        —————
        May 2005: Just as a global silicon shortage begins driving up prices of solar photovoltaics [PV], Solyndra is founded to provide a cost-competitive alternative to silicon-based panels.

        July 2005: The Bush Administration signs the Energy Policy Act of 2005 into law, creating the 1703 loan guarantee program.

        February 2006 – October 2006: In February, Solyndra raises its first round of venture financing worth $10.6 million from CMEA Capital, Redpoint Ventures, and U.S. Venture Partners. In October, Argonaut Venture Capital, an investment arm of George Kaiser, invests $17 million into Solyndra. Madrone Capital Partners, an investment arm of the Walton family, invests $7 million. Those investments are part of a $78.2 million fund.

        December 2006: Solyndra Applies for a Loan Guarantee under the 1703 program.

        Late 2007: Loan guarantee program is funded. Solyndra was one of 16 clean-tech companies deemed ready to move forward in the due diligence process. The Bush Administration DOE moves forward to develop a conditional commitment.

        September 2011: Solyndra closes its manufacturing facility, lays off 1,100 workers and files for bankruptcy. The news is touted as a failure of the Obama Administration and the loan guarantee office. However, as of September 12, the DOE loan programs office closed or issued conditional commitments of $37.8 billion to projects around the country. The $535 million loan is only 1.3% of DOE’s loan portfolio. To date, Solyndra is the only loan that’s known to be troubled.

        ————-

        But hey, if you enjoy flogging Solyndra — continue by all means. It’s a free country. In some cases, free of reality like anywhere within a 100 yards of Romney but free none the less.

         
      • Jeremiah's Alter Ego October 12, 2012 at 8:37 am #

        Solyndra was 1 of 27 at that time. 3 have failed of the 27, so 24 of 27 Green energy efforts are still going.
        I would like to flush the 2.2 billion dollars Sheldon Adelson will get if the Romney Ryan plan goes into effect.
        I have to Type this since I watched the debate last night, So Ryan states his catholic religion drives his political stance, hahahahaha and then I remember that bus of Nun’s touring around the country stating the Romney Ryan plan is far from the catholic religion.

         
  2. Jon October 10, 2012 at 7:06 pm #

    Driving is a privilege not a right. There are plenty of alternatives, such as walking, biking, and transit to name a few. Oil companies are in business to make money, and if consumers are willing to pay higher prices, then the product warrants higher prices.

     
    • Jeremiah's Alter Ego October 11, 2012 at 7:28 am #

      What about supply and demand? or the fact big oil companies are making record breaking profits and still get subsidies.
      Yes of course they are in the business to make money, why else would they invest so much in the Republican party? Because they get a return on their investment by buying out the politicians and peoples best interest and trading it for Big oil best interest.

       
    • john Delgado October 11, 2012 at 8:01 am #

      Traveling under Common Law Right to Travel (even operating a vehicle) under Common Law Right to Travel IS, IS is a Right under the Constitution of the United States of America, that no administrative agency DMV ect. can take keep u from Traveling… 🙂 County, State, Federal, & Tribal minions Don’t wan’t ya’ll to know your rights, THEY want u all to pay their Fines & Fees that Benefit their Bloated Salaries & Pension Funds 🙂

       
      • upthecreek October 11, 2012 at 9:03 am #

        @John

        Thank you for being awake to the scam we call Government

         
      • Jon October 11, 2012 at 9:24 am #

        Why not turn a negative into a positive? I did, by purchasing shares in oil. Now I want a return on my investment!

         
  3. Trouble October 10, 2012 at 9:27 pm #

    Think we are getting screwed again by corporate america?

     
    • john Delgado October 11, 2012 at 8:03 am #

      It’s sad, but tha Rothchild & Rockerfeller Families would have it no other way, people are Chattel to THEM 🙂

       
  4. Jeremiah's Alter Ego October 12, 2012 at 9:01 am #

    Energy subsidies:
    Renewable fuels = 6 billion
    Ethanol = 6 billion
    Coal = 8 billion
    Nuclear = 9 billion
    Oil and Gas = 41 billion

    So there you have it, Its non sense to hear anyone say it is a waste to subsidies green energy when you see the waste elsewhere (oil and gas).

     

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