California Hit By Dual Shock: LA Gas Prices Spike Above $5 As Residents Learn Solar Panels Don’t Work In Blackouts
Millions of Californians may have just suffered an unprecedented, induced blackout by the state’s largest (and bankrupt) utility, PG&E, just so it isn’t blamed for starting even more fires causing it to go even more bankrupt… but at least the price of gas is soaring.
According to Fox5NY, citing figures from AAA and the Oil Price Information Service, the average price of a gallon of regular gasoline in Los Angeles County was $4.25 on Wednesday, 4.5 cents higher than one week ago, 57.6 cents more than one month ago and 37.1 cents greater than one year ago. It has also risen 86.4 cents since the start of the year. What is more troubling is that as California gas prices reached the highest level in the state since 2015, some Los Angeles area gas stations are charging more than $5 a gallon.
The gas price spike started last month after Saudi Arabia oil production facilities were attacked, and accelerated after three Los Angeles-area refineries slowed or halted production due to maintenance issues and no imported gasoline was available to make up for the shortfall, according to Jeffrey Spring, the Automobile Club of Southern California’s corporate communications manager.
Only in California…
The shortage was made worse after local refineries cut back production of summer-blend gasoline in anticipation of switching to selling the winter blend beginning Nov. 1.
But wait, there’s more: America’s most “environmentally conscious” state got a harsh lesson in electrical engineering when many of the tens of thousands of people hit by this week’s blackout learned the hard way that solar installations don’t keep the lights on during a power outage.
…click on the above link to read the rest of the article…
