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Psych! Gas prices jumping

Say sayonara to Escondido's $2.31/gallon price of three days ago

As the Reader reported on December 14, gas prices in San Diego County reached a five-month low — $2.31/gallon at an Escondido station. But prices are turning upward.

At around 3:00 p.m. on December 17, the consumer-driven price-posting website Gasbuddy.com sent out a text alert to its area subscribers: “Gas prices are expected to increase 10-25 cents in California over the next week. You may want to fill up.”

Last January, when Gasbuddy sent out a similar alert forecasting a 25-cent-a-gallon increase, prices rose almost a dollar a gallon overnight. The increase didn’t stop until July 17th’s high of $4.23/gal (average).

By 4:00 p.m. on December 17, Escondido’s U.S. Gas (the lowest in the county) had gone up eight cents a gallon.

Why again, with the price of a barrel of oil reported at an 11-year record low?

Industry blogger Will Speer says an explosion at a Torrance refinery last February still isn’t fixed. Then, on November 23, Tesoro’s refinery in Carson was taken out of service after experiencing problems with a “fluid catalytic cracker.” This past weekend it was reported that Chevron’s El Segundo refinery also incurred damage to a fluid catalytic cracker.

Combined, according to figures provided by Speer, the three refineries account for the processing of 709,360 barrels of crude oil each day.

On December 15, wholesale spot market prices in Los Angeles spiked almost 22 cents a gallon.

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As the Reader reported on December 14, gas prices in San Diego County reached a five-month low — $2.31/gallon at an Escondido station. But prices are turning upward.

At around 3:00 p.m. on December 17, the consumer-driven price-posting website Gasbuddy.com sent out a text alert to its area subscribers: “Gas prices are expected to increase 10-25 cents in California over the next week. You may want to fill up.”

Last January, when Gasbuddy sent out a similar alert forecasting a 25-cent-a-gallon increase, prices rose almost a dollar a gallon overnight. The increase didn’t stop until July 17th’s high of $4.23/gal (average).

By 4:00 p.m. on December 17, Escondido’s U.S. Gas (the lowest in the county) had gone up eight cents a gallon.

Why again, with the price of a barrel of oil reported at an 11-year record low?

Industry blogger Will Speer says an explosion at a Torrance refinery last February still isn’t fixed. Then, on November 23, Tesoro’s refinery in Carson was taken out of service after experiencing problems with a “fluid catalytic cracker.” This past weekend it was reported that Chevron’s El Segundo refinery also incurred damage to a fluid catalytic cracker.

Combined, according to figures provided by Speer, the three refineries account for the processing of 709,360 barrels of crude oil each day.

On December 15, wholesale spot market prices in Los Angeles spiked almost 22 cents a gallon.

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Comments
4

Darn! My tank is empty and I was planning to fill up tomorrow as I passed through 'Dido. My sense of timing is lousy. But ain't it convenient that all these refinery "problems" show up just before Christmas when trips are planned, and people aren't watching details like the price of motor fuel?

Dec. 17, 2015

Visduh, As of tonight, some Escon stations have only gone up a cent or two. I'm doing the same thing tomorrow, FRI, in Escon. Filling up.

Dec. 17, 2015

As this story was being published, the U.S. Gas went up another 6 cents tonight, now up 14 cents/gal after Dec. 14th's story on it being the lowest in the county.

Dec. 17, 2015

Yesterday afternoon I paid $2.519 with a credit card for 87 octane at US Gas. The Brand X across 5th St was selling it with a credit card for 10 cents less. (I just don't like to do business with that operation.) Varso at the south end of town had a credit price of $2.499. Von's was higher than any of those mentioned above.

Dec. 19, 2015

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