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A Modest Spike in the Price of Gasoline in California

Earlier in the year 2000 & 2001, in California and San Diego, the country became the victim of an unregulated electricity market. Later on, both the states grabbed the attention of the nation when the electricity market of the states actually blew apart. Peter Wilson’s grand deregulation experiment forced the electricity providers to sell off their production facilities. As a result, the new owners took full advantage of this opportunity. The California economy staggered. The new owners of the plants took their plants offline during the peak usage times due to the maintenance issues and rising wholesale prices, which in turn resulted in price-rise for the consumers. An artificial situation was generated by the plant owners for the retailers to pay exorbitant prices. And this in turn forced the small businesses to shut off. According to the report compiled by McCullough Research, during November, McClatchy concluded that refineries in California were supposedly down for maintenance or suffered a severe mechanical malfunctions were, in fact, operational at the time they were supposed to be down. Back in time during October, California saw a peak rise in the gas prices. The explanation was a fire at Chevron’s, Richmond, CA, which strained supplies, causing a jump in both wholesale and retail prices. According to McCullough, during May and October, they found that gasoline inventories actually increased during the times of both price spikes. The fact was that the supply shortages took place months before.

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Earlier in the year 2000 & 2001, in California and San Diego, the country became the victim of an unregulated electricity market. Later on, both the states grabbed the attention of the nation when the electricity market of the states actually blew apart. Peter Wilson’s grand deregulation experiment forced the electricity providers to sell off their production facilities. As a result, the new owners took full advantage of this opportunity. The California economy staggered. The new owners of the plants took their plants offline during the peak usage times due to the maintenance issues and rising wholesale prices, which in turn resulted in price-rise for the consumers. An artificial situation was generated by the plant owners for the retailers to pay exorbitant prices. And this in turn forced the small businesses to shut off. According to the report compiled by McCullough Research, during November, McClatchy concluded that refineries in California were supposedly down for maintenance or suffered a severe mechanical malfunctions were, in fact, operational at the time they were supposed to be down. Back in time during October, California saw a peak rise in the gas prices. The explanation was a fire at Chevron’s, Richmond, CA, which strained supplies, causing a jump in both wholesale and retail prices. According to McCullough, during May and October, they found that gasoline inventories actually increased during the times of both price spikes. The fact was that the supply shortages took place months before.

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4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
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