Meanwhile In California, Unambiguously Ungood…
by Tyler Durden
ZeroHedge.com
03/01/2015
Having discovered this week what Americans are spending their “gas savings” on, and noted that nationwide gas prices are rising at the fastest pace in over a decade; as AP reports, for Californians, it’s considerably worse as gas prices have soared 60c to $3.23 per gallon in the last few weeks. Between refinery shutdowns (due to strikes and explosions) removing 17% of California’s production, and the seasonal shift to the less-polluting summer blend of gas mandated in California, supply remains drastically short spiking prices 20-30c on Thursday alone as one gas station owner exclaimed, in 48 years “I’ve never seen anything like this kind of [price spike].”
The Rest…HERE
