View Single Post
Old 10-06-2012, 08:22 AM   #110
MDydinanM
Registered User
 
Join Date: Sep 2004
Location: East Coast
Posts: 754
My Ride: is a ///M
Power Outage related to Cali surge in gas prices

surprised no one has mentioned the news

http://www.wrcbtv.com/story/19751983...fall-next-week

Quote:
The dramatic surge came because of a power outage Monday at a Southern California refinery reduced supply in an already fragile and volatile market, analysts said, but the refinery came back online Friday and prices were expected to stabilize by next week.

Patrick DeHaan, senior petroleum analyst at GasBuddy.com, predicted the average price could peak as high as $4.85.

"There is some relief in sight but probably not for a couple of days. Early next week is when we may see some more significant declines ... but at retail prices, prices may climb for the next two to three days before they start to come down," he said.

Last edited by MDydinanM; 10-06-2012 at 08:30 AM.
MDydinanM is offline   Reply With Quote