CRUDE AWAKENING EXPERTS SAY SURGING GAS PRICES MAY SOON ROLL UP TO $2 A GALLON.Byline: Brent Hopkins Staff Writer
Gas prices climbed for a fifth consecutive week and could soon crack the $2-a-gallon mark, industry experts warned Friday.
The Automobile Club of Southern California The Automobile Club of Southern California was founded December 13, 1900 in Los Angeles as one of the nation's first motor clubs dedicated to improving roads, proposing traffic laws and improvement of overall driving conditions. reported Friday that a gallon of regular gasoline hit $1.834 in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , pushed by tight supplies. With crude oil prices still around $33 per barrel and the switch to summer formulation gas looming, there's no relief in sight.
``We thought prices would drop in January,'' said auto club spokesman Jeff Spring. ``The closer we're getting to the summer switch, we're wondering if there will be a drop at all. Prices may just take off from here without any dip.''
The California Energy Commission The California Energy Commission is California’s primary energy policy and planning agency. Created in 1974 and headquartered in Sacramento, the Commission has responsibility for activities that include forecasting future energy needs, promoting energy efficiency through reported that the state's refineries are producing 950,000 barrels a day, below the 1 million mark they hit when at full production. This hiccup hiccup or hiccough, involuntary spasmodic contraction of the diaphragm followed by a sharp intake of air, which is abruptly stopped by a sudden, involuntary closing of the glottis (opening between the vocal cords); the consequent blocking of air in production led to a jump in the spot market, which in turn sent retail prices upward.
``Nobody likes them going up, that's for sure,'' said Ron Klabbatz, a Woodland Hills parts manager fueling up his Suzuki Verona sedan for $26.28 at a 76 station. ``It's more money out of your pockets and less to spend on your kids. $1.93 a gallon! Dang dang
Used to express dissatisfaction or annoyance.
adv. & adj.
tr.v. danged, dang·ing, dangs
n. ... that's outrageous.''
That's nothing, says industry watcher Bob van der Valk Van der Valk was a British television series made by Thames Television for the ITV network. It starred Barry Foster in the title role as Dutch detective Commissaris Piet van der Valk. , who sells fuel wholesale for Santa Fe Springs-based Cosby Oil. He sees price increases of a nickel a week and gas at $2 a gallon by March, which he blamed on insufficient production. Though Californians use 42 million gallons of gas each day, he noted that the state's refineries can only produce 40 million during the winter, requiring imports and further straining the supply chain.
``There's more cars, more SUVs and more Hummers out there than there is gasoline,'' van der Valk said. ``It's causing increased demand and current capacity can't keep up with it.'
The oil companies' trade group, the Western States Petroleum Association, did not return calls seeking comment, but invariably in·var·i·a·ble
Not changing or subject to change; constant.
in·vari·a·bil links the price of gas to supply, demand and competition. In this case, the constrained, expensive supply seems to be the culprit.
That didn't soothe the anger of drivers such as Bruce Wright, a Woodland Hills actor. As he paid $25.83 to gas up his Nissan pickup, he rolled his eyes, grousing about yet another price hike.
``Are they gonna tell us it's a refinery in Alaska or something again?'' he said. ``There's always an excuse, and there's always a profit in it for them. But you're stuck. There's nothing you can do. You've got to keep driving, and you always need gas.''
Brent Hopkins, (818) 713-3738
photo, 2 boxes
(color) no caption (Gas nuzzle nuz·zle
v. nuz·zled, nuz·zling, nuz·zles
1. To rub or push against gently with or as if with the nose or snout: stroked and nuzzled the kitten.
(1) GAS PRICES ON THE RISE
Source: Automobile Club of Southern California
(2) GAS GAUGE
SOURCE: American Automobile Association American Automobile Association (AAA), federation of American automobile clubs, est. 1902. AAA provides a number of benefits to its members, including emergency road service; national and international travel assistance, e.g.