This morning the San Diego Union-Tribune quoted UCAN in a lead story in its business section as saying “It’s very unlikely we’ll see gasoline below $3 for the next nine months." The reason is that the market is not being driven by supply and demand, rather inventories are being controlled and manipulated by oil companies that are using at least five different methods to manipulate the market price of gasoline. Full Story.
refinery
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 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.
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