InlandPolitics: Oil Companies stick it to California driver’s again
InlandPolitics: More gas price manipulation: This time it’s creative!
Sunday, July 12, 2015 – 11:30 a.m.
In the past 72-hours the retail price of unleaded gasoline in the Inland Empire has spiraled out of control. It’s what happens when only four companies control the gasoline refining capacity for the entire state.
Some San Bernardino County gas stations have jacked up prices by 90-cents per gallon, or more. That’s 90-cents or more in three days!
On Saturday morning the price rise was about 25-cents per gallon.
Premium grade at some name-brand outlets has now hit $4.75 per gallon.
Even though the California Energy Commission’s own refinery numbers don’t support the need for any price hike whatsoever. It’s happening nevertheless.
The development has become more than a topic of idle conversation. People are pissed off is putting it mildly.
This time pretty much everyone believes that it’s a complete sham.
State data shows there’s never been any actual shortage of crude oil, refined gasoline or gasoline blending components, in California, at any time this year.
It’s rather easy to form the proper opinion that it’s all been oil companies driving a false narrative to justify spiking profit margins.
But like we said yesterday. Don’t expect anyone, particularly state regulators or politicians, to do anything about it.
The interesting issue coming down the road is Governor Jerry Brown and the state’s Democrat-controlled legislature will be asking voters to raise the gasoline tax to fund badly needed road repairs.
They shouldn’t hold their collective breath on its passage, when they allow this type of thievery to take place.