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CNN’s Paul Vercammen on crisis at the gas stations: 'tough times here in California'
Pain at the pump this morning in California with gas stations reporting they are running short on gas. Refinery and supply chain problems have led to an extreme gas shortage, driving up process and causing some California stations to shut down. Companies including Valero, Exxon and Coctco have so far been affected. According to the AAA, the average price for a gallon of gas in California is $4.48, and higher than $5 in some places. CNN’s Paul Vercammen is live at a gas station in Burbank, California with details.
Vercammen names “a myriad of factors contributing” to the disruption in the supply chain. If refineries could convert to winter grade fuel sooner, which costs a lot less to produce than the environmentally friendly summer-grade fuel, the prices could be a lot cheaper. But a waiver from the Air Quality Control Board is required. Until then, tough times here in California,” Vercammen says.
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Here's what I don't get.... If the refineries are having problems, why does that mean they have to raise the price? The price of the raw crude did not go up. They just have less to sell. Why should we pay more for their mistakes? And don't tell me about supply and demand. If the refineries screw up, we get screwed.
its a conspiracy i tell you all... the oil industry just wants our money. They want exploit our resources until we actually stand up to the politicians in California. We have no voice and they know it. Barrack Obama please pass a law for automakers to start creating electrical cars that will be cheaper to drive than gasoline. Promise to provide the infrastructure for such a feat, so that we can finally become oil independent.