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Urbane Guerrilla · 10-21-2005, 11:37 AM

Relief at the gas pump is progressing visibly here in southern CA: $2.68/gallon this morning, down four cents from yesterday. Not bad for the pricey California blends, especially those oxygenated winter ones.

California gas prices act like the light curve of a Cepheid -- abrupt rise and considerably more gradual decline. Everyone in the state knows this means fat profits for the refiners. No one's yet been able to bring them to heel about this, though building a couple of major new refineries would likely help. I don't know how much of the comparatively quick price relief has a political basis this time -- but Californians also know we get none of our oil from Gulf production.

10-21-2005, 11:37 AM	#224
Urbane Guerrilla Person who doesn't update the user title Join Date: Jul 2002 Location: Southern California Posts: 6,674	Relief at the gas pump is progressing visibly here in southern CA: $2.68/gallon this morning, down four cents from yesterday. Not bad for the pricey California blends, especially those oxygenated winter ones. California gas prices act like the light curve of a Cepheid -- abrupt rise and considerably more gradual decline. Everyone in the state knows this means fat profits for the refiners. No one's yet been able to bring them to heel about this, though building a couple of major new refineries would likely help. I don't know how much of the comparatively quick price relief has a political basis this time -- but Californians also know we get none of our oil from Gulf production. __________________ Wanna stop school shootings? End Gun-Free Zones, of course.