Gas & Auto RSS FeedSan Diego gas and diesel prices bounce back above the $3 mark over the weekend
San Diego gas prices flirted briefly with sub $3 a gallon prices last week, but have crept back up above $2.99 for diesel and regular unleaded on average. Yet demand is down and there are an estimated 125 million barrels of oil stored offshore in supertankers with holds that are bursting with surplus crude. This is oil pumped last year that still can't be sold because of low demand. Blame the speculators. Full Story
San Diego gas prices slide below $3 mark
Gas prices finally slipped below the $3 mark even though oil prices are climbing. Be suspicious: California's refineries are producing at only 75% capacity in order to restrict supply and protect the industry from a massive price avalanche. MORE.
Gas prices set to nosedive
Despite a rash of refinery closures, fires, and other potential supply disasters, gas prices should collapse below the $3 mark, on average soon. "They're going to drop faster than a thick brick," says Charles Langley, Manager of UCAN's Gas Project. Get the Full Story.
Gas prices drop slightly over the weekend.
UPDATED Monday, September 28: Contrary to what we published on Friday, gasoline prices in San Diego dropped over the weekend after we predicted a sharp increase. More.
Toyota mandates safety inspection of floor mats
Toyota is ordering mandatory inspections of all Toyota and Lexus vehicles after an improperly installed floor mat was linked to a crash that killed four people last month near Santee, California. One of the victims was a California Highway Patrolman, who was driving the vehicle. READ MORE
Toyota issues huge recall due to floor mat safety issue
Toyota is ordering mandatory inspections of all Toyota and Lexus vehicles after an improperly installed floor mat was linked to a crash that killed four people last month near Santee, California. One of the victims was a California Highway Patrolman, who was driving the vehicle. READ MORE UPDATE: Toyota recalls 3.8 million Toyota and Lexus vehicles, according to Channel 10 News.
Labor Day Gouge Alert: Gas prices set new record high for 2009 and are still climbing
SKY HIGH ... Just as we predicted, gas prices have climbed past the $3.10 a gallon mark, setting a new record for 2009. DETAILS.
Surplus Gasoline: "No one wants it."
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Refineries are raising gas prices even though there is a surplus of gasoline. As one market watcher said. "No one wants it." Get the full story. |
Gas Hogwash: "It is all about Supply and Demand."
On August 9 the lead story in the Union Tribune Business Section was about high gas and oil prices. The story closed with a quote from me that said " ... the problem is the low supply of surplus gasoline, which drives up prices." But don't think for a moment that supply and demand are responsible for oil prices. There is more to the story.
Gas prices dropping over 4th of July
UCAN's Gas project is reporting a painfully slow but steady decline in the cost of fuel for San Diego motorists. Get the facts, plus data on what gas cost last year on this day.
Gas prices - $3 barrier about to be crossed
Friday June 5, 6PM - Gas prices have surged by 3.6 cents in the last 24 hours, and have risen at a rate of nearly a penny every 12 hours for the last 30 days. The current average price is $2.91 MORE.
GASOLINE: This weekend will be a "Tank-Spanker," predicts UCAN
UCAN predicts a gasoline price surge in North County of one penny every 12 hours. FULL STORY
"Our refinery was attacked by carnivorous winged monkeys!" This and other reasons why gas prices are shattering records.
Early this morning gas prices surged to $2.66 a gallon in San Diego, according to UCAN's Gas Project. A variety of reasons have been put forth for the higher prices, but we find them highly questionable. UCAN's experts explain why gas prices are higher than they should be and provide historical statistics. FULL STORY.
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