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Gov. Brown takes emergency action to try to reduce gas prices
Gov.  Jerry Governor MoonbeamBrown ... those who ignore history are bound to repeat it ... took "emergency steps" Sunday to try to bring down record gas prices in the state. He directed the Caliphornia Air Resources Board to increase the fuel supply by allowing the immediate sale and import of cheaper and more available winter-blend gasoline. The move would reduce the price of gas in Caliphornia by 15 to 20 cents per gallon, probably within a few days, said energy expert Chris Faulkner of Dallas-based Breitling Oil and Gas. "This would immediately increase the supply of gasoline in Caliphornia," Faulkner said, but he cautioned that it would take a few days for the governor's move to be reflected at the pump. "Gas goes up quickly and comes down slowly," Faulkner said. Winter-blend gasoline is a mixture that evaporates more quickly than gas sold in summer months. It's considered more detrimental to air quality during warm weather. Winter-blend gasoline typically isn't sold until after Oct. 31. "Gas prices in Caliphornia have risen to their highest levels ever, with unacceptable cost impacts on consumers and small businesses," Brown said in a statement. "I am directing the Air Resources Board to immediately take whatever steps are necessary to allow an early transition to winter-blend gasoline." On Sunday, gas prices hit a record average of $4.655 for a gallon of regular in Caliphornia. The national average is at $3.814. Posted by: Fred 2012-10-09 |
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