Could gas prices climb beyond $3 a gallon?
UCAN In the Media
This interview with UCAN's Executive Director was originally broadcast February 26, 2007 on Fox 6 News San Diego.
In 2006, UCAN's Cheap Gas Locator reported an all-time record high price for gasoline of $3.42 a gallon on May 11.
For an in-depth commentary on the dynamics of the recent and expected gasoline price surges, click here.
Dateline: February 23, 2007, Fox 6 News San Diego --
Gas Prices on the Rise
Published: 2/23/2007 9:12:44 PM
Gas prices are up 40 cents since November, and energy experts say prepare for them to continue to rise. Some experts say prices at the pump could skyrocket between 20 and 40 cents in the coming weeks.
Right now, the average price of a gallon of gas in San Diego is $2.75. That would mean prices could soar well above the 3 dollar mark.
Why the increase? There have been two refinery fires in the past month, crude oil prices are up, and the bad weather back East have combined to raise wholesale prices.
But, officials with the local consumer group UCAN say oil companies continue to see their profits grow, and this month is no exception.
Worst case scenario, UCAN official say prices will surpass $3.50 a gallon. Best case scenario?
"Because of all the disruption in supply, and because oil prices have shot up unexpectedly, no one really knows where has prices are going," said UCAN's Executive Director, Michael Shames. "They could drop just as easily in the coming weeks as they go up."
Gas & Autos Gas Prices -
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California gasoline standards
The price of gasoline is at least 40 cents over the national average. California requires the refiners to use a different standard than the Federal standard for gasoline making this a "closed" market to national and world wide refiners. This is in effect in restraint of trade.
I have not heard of UCAN advocating returning to Federal standards as a way to cut the cost of our gasoline. It seems to me that a case could be made to make this change by comparing air quality standards in major California markets to those in other parts of the country to see if we are actually benefiting from these "higher standards".
CA gas standards
That seems very sane to me; I'm fond of empirical data. Assuming the testing is done correctly (adjusted for density of traffic, corrected for any nearby emissions sources such as factories, taking typical atmospheric conditions into account, and so on) that would produce useful information.
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