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West Coast wholesale gasoline prices see biggest one day jump in a year

GasBuddy Blog -- It's already been well discussed: West Coast motorists, prepare for gas prices to get nasty. Wholesale gasoline prices, the determining factor in setting retail prices, has zoomed higher today throughout the West Coast.

How bad is it? Los Angeles wholesale prices rose by the second largest amount in the last year, just 2 more cents per gallon from the biggest single day increase in the last year. Similar stories in for other regional wholesale prices- San Fran rose by its highest amount in the last year- a whopping increase of over 35 cents per gallon. Meanwhile, wholesale prices in Oregon and Washington rose their third most in the last year, adding nearly 23c/gal. While these numbers are strong evidence of where retail/pump prices...

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Submitted Aug 07, 2012 By: PD

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RONALD777 Champion Author Houston Posts:2,442 Points:364,705 Joined:Nov 2007	Message Posted: Aug 11, 2012 12:48:32 PM Ignore RONALD777 Report Abuse Most people over there will not even notice.
gasokie Champion Author Oklahoma Posts:3,448 Points:1,326,225 Joined:May 2007	Message Posted: Aug 11, 2012 8:28:20 AM Ignore gasokie Report Abuse "Ah ha....the old let's set our own refinery on fire and have a reason to raise prices trick!!! " Thanks JR57CA for speaking up.
honda0105 Champion Author Tallahassee Posts:18,643 Points:1,611,470 Joined:Nov 2008	Message Posted: Aug 11, 2012 4:23:06 AM Ignore honda0105 Report Abuse strakey: b/c Pig Oil has consumers over a barrel, this kind of manure excusing can be done and no one can do a thing about it.
honda0105 Champion Author Tallahassee Posts:18,643 Points:1,611,470 Joined:Nov 2008	Message Posted: Aug 11, 2012 4:22:08 AM Ignore honda0105 Report Abuse prices jumped here well over 60 cents in a month (2.89 to 3.65), and FL is not even close to the West Coast at all.
honda0105 Champion Author Tallahassee Posts:18,643 Points:1,611,470 Joined:Nov 2008	Message Posted: Aug 11, 2012 4:20:14 AM Ignore honda0105 Report Abuse pilotmass: you and many others?
pilotmass Champion Author Boston Posts:1,833 Points:503,750 Joined:Jul 2011	Message Posted: Aug 9, 2012 7:58:51 AM Ignore pilotmass Report Abuse As I predicted!
clpassenubye Champion Author Los Angeles Posts:3,359 Points:755,230 Joined:Mar 2011	Message Posted: Aug 9, 2012 6:35:26 AM Ignore clpassenubye Report Abuse very disappointing
stonecold5005 All-Star Author Waco Posts:817 Points:20,240 Joined:Mar 2012	Message Posted: Aug 9, 2012 5:02:58 AM Ignore stonecold5005 Report Abuse ok
kobes1 Champion Author Florida Posts:2,502 Points:559,560 Joined:Aug 2011	Message Posted: Aug 9, 2012 1:23:22 AM Ignore kobes1 Report Abuse Greed
strakey All-Star Author California Posts:747 Points:535,800 Joined:Oct 2008	Message Posted: Aug 8, 2012 8:00:15 PM Ignore strakey Report Abuse this is pure bull***t, this fire has absolutely nothing to do with the gas prices!! this kind of logic is like charging your work a ton of money because you broke your foot at home!!! does this make any sense? NOPE!
DanMtz Champion Author Oakland Posts:3,360 Points:1,244,300 Joined:Oct 2009	Message Posted: Aug 8, 2012 1:49:44 PM Ignore DanMtz Report Abuse Up 15 cents at one station in a day.
vcsuksu21 Champion Author Oklahoma City Posts:2,478 Points:707,980 Joined:Dec 2010	Message Posted: Aug 8, 2012 11:27:29 AM Ignore vcsuksu21 Report Abuse ouch
nervous Sophomore Author Ventura Posts:221 Points:4,545 Joined:Oct 2010	Message Posted: Aug 8, 2012 9:33:24 AM Ignore nervous Report Abuse The Lawsuits and the Politics and the Environmentalists and the age of refinerie are going to make fuel to be harder to manufacture if not allowing it to manufacture anymor.
snappytom2 Champion Author Corpus Christi Posts:3,556 Points:274,995 Joined:Jul 2008	Message Posted: Aug 8, 2012 9:20:14 AM Ignore snappytom2 Report Abuse Up,up,up,down,up,up,up,down,up,up,up,down,......................
txrojo2005 All-Star Author Austin Posts:767 Points:480,475 Joined:May 2011	Message Posted: Aug 8, 2012 9:09:18 AM Ignore txrojo2005 Report Abuse Gas jumped a dime here in Central Texas overnight.
Aviator_Rob Champion Author New York Posts:3,805 Points:415,065 Joined:Mar 2012	Message Posted: Aug 8, 2012 9:01:19 AM Ignore Aviator_Rob Report Abuse You can blame Big Oil for the shrinking number of refineries, @Mtgreenwood. They've been consolidating operations and closing plants in an attempt to raise refinery profit margins.
JR57CA All-Star Author Los Angeles Posts:788 Points:326,125 Joined:May 2011	Message Posted: Aug 8, 2012 9:01:09 AM Ignore JR57CA Report Abuse As I have reported over my time on this site, Big Oil creates "incidents" annually to justify price hikes...even at the expense of lives. I know this from 2 different inside sources. This is GREEDY BIG OIL AT IT'S FINEST!
riverrising Champion Author Missouri Posts:3,905 Points:1,049,325 Joined:May 2008	Message Posted: Aug 8, 2012 9:00:53 AM Ignore riverrising Report Abuse world is sucking me dry.
gils Champion Author Ohio Posts:1,706 Points:645,675 Joined:Feb 2011	Message Posted: Aug 8, 2012 8:59:27 AM Ignore gils Report Abuse ok
Aviator_Rob Champion Author New York Posts:3,805 Points:415,065 Joined:Mar 2012	Message Posted: Aug 8, 2012 8:58:41 AM Ignore Aviator_Rob Report Abuse Please save the drilling comments for an article about drilling, @Algernon. Now, do you have any comments on refineries?
DeeMamma88 Veteran Author San Bernardino Posts:352 Points:283,605 Joined:May 2012	Message Posted: Aug 8, 2012 8:57:03 AM Ignore DeeMamma88 Report Abuse Such BS! I'm sick of the high prices
bullseye100 Champion Author New Jersey Posts:2,429 Points:585,780 Joined:Aug 2011	Message Posted: Aug 8, 2012 8:55:50 AM Ignore bullseye100 Report Abuse This is very bad!
BigDenOH Champion Author Cincinnati Posts:2,364 Points:581,275 Joined:May 2011	Message Posted: Aug 8, 2012 8:54:17 AM Ignore BigDenOH Report Abuse This is bad
bullseye100 Champion Author New Jersey Posts:2,429 Points:585,780 Joined:Aug 2011	Message Posted: Aug 8, 2012 8:53:09 AM Ignore bullseye100 Report Abuse Yea peapaw, there is something screwy in the oil market - them screwing us!
checkitnow Champion Author Atlanta Posts:2,046 Points:573,520 Joined:Aug 2010	Message Posted: Aug 8, 2012 8:53:07 AM Ignore checkitnow Report Abuse we're up more than 50cents in a month here... not just the west coast
firedudette Champion Author St. Louis Posts:11,902 Points:2,118,050 Joined:Jul 2005	Message Posted: Aug 8, 2012 8:53:00 AM Ignore firedudette Report Abuse don't like it at all
IMLURCH Champion Author Minnesota Posts:2,189 Points:1,104,155 Joined:Mar 2009	Message Posted: Aug 8, 2012 8:52:19 AM Ignore IMLURCH Report Abuse Gouge the public!!!!
repeater1 Champion Author Topeka Posts:8,308 Points:2,366,795 Joined:Oct 2005	Message Posted: Aug 8, 2012 8:51:07 AM Ignore repeater1 Report Abuse Not just the left coast, we are all seeing the same thing.
realtor3bd Veteran Author Austin Posts:423 Points:142,025 Joined:Jun 2012	Message Posted: Aug 8, 2012 8:50:11 AM Ignore realtor3bd Report Abuse OK
DYSKYPILOT Champion Author Fort Worth Posts:2,907 Points:627,430 Joined:Mar 2006	Message Posted: Aug 8, 2012 8:50:01 AM Ignore DYSKYPILOT Report Abuse Oil companies set the wholesale price. Does that tell you anything?
GryphonX Champion Author Nevada Posts:6,105 Points:1,589,075 Joined:Nov 2007	Message Posted: Aug 8, 2012 8:48:30 AM Ignore GryphonX Report Abuse Seems like awfully convenient timing ... They have insurance to make them whole for their damages and losses ... yet we all get screwed in the mean time with high prices, and nothing to compensate us for OUR losses ...
suzyq2007 Champion Author Dallas Posts:7,174 Points:1,651,900 Joined:Oct 2007	Message Posted: Aug 8, 2012 8:48:27 AM Ignore suzyq2007 Report Abuse that is not good
sydb7 Champion Author Atlanta Posts:3,561 Points:1,920,735 Joined:Mar 2003	Message Posted: Aug 8, 2012 8:48:26 AM Ignore sydb7 Report Abuse Here we go again!
peapaw Champion Author Ohio Posts:4,046 Points:689,745 Joined:Jun 2011	Message Posted: Aug 8, 2012 8:43:56 AM Ignore peapaw Report Abuse Somethin' is screwy in the oil market.
bbthegun Champion Author San Diego Posts:5,983 Points:1,681,940 Joined:Sep 2006	Message Posted: Aug 8, 2012 8:43:09 AM Ignore bbthegun Report Abuse So the media issues a panic report about how prices will jump and the speculators fuel the panic. Sick how this works.
gass12 Champion Author Omaha Posts:8,399 Points:2,305,665 Joined:Oct 2005	Message Posted: Aug 8, 2012 8:42:31 AM Ignore gass12 Report Abuse That is the price you pay for living in California.
Gman2011MI Champion Author Michigan Posts:2,003 Points:418,445 Joined:Apr 2011	Message Posted: Aug 8, 2012 8:40:10 AM Ignore Gman2011MI Report Abuse Not all of the 245,000 barrel-per-day plant, which accounts for one-eighth of California's refining capacity, appears to have been shut down, despite local media reports suggesting the sprawling facility had been idled. "We are still continuing to operate," spokesman Brent Tippen told Reuters Not on cent should be raise because of this fire it was even said it was idle not runnning so why the bigg change in price ....1/8 of fuel was produce at this refinery only!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Algernon Champion Author Greensboro Posts:3,190 Points:783,995 Joined:May 2004	Message Posted: Aug 8, 2012 8:36:30 AM Ignore Algernon Report Abuse If we want prices to be lower, we have to change our domestic drilling policies. The only way to do that is to VOTE OBAMA OUT IN 2012!!!!!
ratones1 Champion Author Los Angeles Posts:2,917 Points:732,955 Joined:Mar 2011	Message Posted: Aug 8, 2012 8:34:34 AM Ignore ratones1 Report Abuse HHHHHHHHHHHHHHM...
tml721 Champion Author Columbus Posts:12,620 Points:2,391,500 Joined:Jul 2005	Message Posted: Aug 8, 2012 8:32:33 AM Ignore tml721 Report Abuse CAli's will see this as a great excuse to go green. LEt's see how long it takes and long that lasts.
ftsgt Champion Author Illinois Posts:13,052 Points:2,484,520 Joined:Dec 2004	Message Posted: Aug 8, 2012 8:30:43 AM Ignore ftsgt Report Abuse join the party
stopforgas All-Star Author Mississippi Posts:996 Points:481,705 Joined:Jun 2011	Message Posted: Aug 8, 2012 8:24:30 AM Ignore stopforgas Report Abuse Hmmm... just in time for the election, makes you wonder which side Big Oil is rooting for...
nru Champion Author Twin Cities Posts:1,757 Points:984,285 Joined:Feb 2006	Message Posted: Aug 8, 2012 8:23:51 AM Ignore nru Report Abuse They need more money - why else
cricket48750 All-Star Author Michigan Posts:802 Points:414,330 Joined:May 2011	Message Posted: Aug 8, 2012 8:20:45 AM Ignore cricket48750 Report Abuse Greed!!!
RedskinGas Champion Author Tennessee Posts:2,018 Points:1,131,035 Joined:Jun 2006	Message Posted: Aug 8, 2012 8:18:40 AM Ignore RedskinGas Report Abuse Everyone bend over together.
Souldan Rookie Author Iowa Posts:18 Points:18,980 Joined:Apr 2012	Message Posted: Aug 8, 2012 8:17:58 AM Ignore Souldan Report Abuse o geez
craigsf38 Champion Author Rochester Posts:5,718 Points:1,511,980 Joined:Jun 2008	Message Posted: Aug 8, 2012 8:17:52 AM Ignore craigsf38 Report Abuse Margins on the increase and it sucks
filcut Champion Author Anchorage Posts:1,174 Points:1,356,035 Joined:Jun 2005	Message Posted: Aug 8, 2012 8:15:45 AM Ignore filcut Report Abuse Speculation....plain and simple. Looks like a "good" reason to jack up profits by refiners.
satrn38mpg Champion Author Raleigh Posts:5,077 Points:1,054,990 Joined:Sep 2009	Message Posted: Aug 8, 2012 8:11:06 AM Ignore satrn38mpg Report Abuse still on the rise here
fireless1 Champion Author Atlanta Posts:2,172 Points:540,490 Joined:Dec 2010	Message Posted: Aug 8, 2012 8:09:13 AM Ignore fireless1 Report Abuse Ok