Saturday, February 23, 2013

HYPERINFLATION ALERT: Gas Prices Surge More Than 30 Cents in a Month in NE..60 cents in FLorida…. Oil Industry Analyst: Local Gas Prices Could Soon Be As Bad As California



Gas prices in Newton continue their upward march, with the price for a gallon of regular up more than a quarter in the past month.
AAA Southern New England said its survey of prices in Massachusetts on Monday found self-serve, regular unleaded averaging $3.72 per gallon, four cents higher than a week ago and up 31 cents over the past month.
http://newton.patch.com/articles/gas-prices-surge-more-than-30-cents-in-a-month-are-you-driving-less-b4d6cc66
This story is from Feb 1-13
Oil Industry Analyst: Local Gas Prices Could Soon Be As Bad As California
Clips from the story
BOSTON (CBS) – New England could be the new California when it comes to gas prices, according to oil industry analyst John Kilduff.
Why? The main reason is a lack of gas refineries in this part of the country.
“Just this week, Hess announced the closure of a big refinery that makes just gasoline in New Jersey,” Kilduff told WBZ NewsRadio 1030 Friday.
He said oil companies are cutting back massively in refining capacity and that means we’re all going to be paying the price for that.
But if the demand for gasoline is so high and prices are up, why are these companies closing refineries?
“It’s the energy industry seemingly working against consumers.”
But, Kilduff says there is a silver lining to this cloud.


“A little bit of pain at the pump is a good sign for all of us in terms of our economy going forward.”
http://boston.cbslocal.com/2013/02/01/oil-industry-analyst-local-gas-prices-could-soon-be-as-bad-as-california/
I am having a hard time believing that last little bit..

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Southern California sees record one-month rise in gasoline prices
Southern California has seen its biggest ever one-month rise in gasoline prices, according to the Automobile Club of Southern California’s weekend gas watch.
The average price for a gallon of regular gasoline in the varying regions of Southern California has now climbed 57 to 59 cents since last month.
http://www.latimes.com/business/autos/la-fi-hy-southern-california-gasoline-prices-20130221,0,374632.story

Auto Club: Gas Prices Post Record One-Month Jump
In the Inland Empire, the average per-gallon price is $4.276, up 10.6 cents from last week, 58 cents higher than last month, and 23 cents more than last year.
http://murrieta.patch.com/articles/auto-club-gas-prices-post-record-one-month-jump

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