Here we go again. One would think a sitting US Senator would understand some market economics (and the fact that Ca. regulations and taxes artificially inflate the prices), or would at least have someone explain it to her. Alas, no
(Boston Herald) The average price in the state hit $4.668, according to AAA. Sen. Dianne Feinstein, D-Calif., called on the Federal Trade Commission to investigate, saying residents need to be protected from “malicious trading schemes.”
Feinstein in her letter Sunday asked the FTC to determine if the price spike was caused by illegal manipulation of the market and to start monitoring the market for fraud, manipulation, or other malicious trading practices.
“Publically available data appears to confirm that market fundamentals are not to blame for rising gas prices in California,” she wrote
How many times will Democrats try this meme of “Big Oil is trying to screw people”? The outcomes of investigations NEVER upholds the allegations. Even Governor Moonbeam Jerry Brown understands that this is a BS investigation, and is attempting to Do Something by allow the use of winter blend gasoline earlier than usual…..that’s right, allowing. Because the government is too heavily involved in the production of gasoline, hence, a simple power outage can spike what are already super high gas prices.
Again, I usually try and avoid the conspiracy theory websites of Alex Jones, but, they will often have revelant information, such as
What this really reveals is just how close to collapse California’s energy infrastructure really is. And it’s worse than you think, by the way: California can’t import gasoline from neighboring states because its fuel refining requirements are so stringent due to air quality control concerns.
As Nancy Rivera Brooks, the LA Times editor, explained in a recent interview:
Because we have such a clean-burning recipe for gasoline here, very few refineries make it outside California, and there aren’t pipelines that bring it into California from those refineries that can make it. When something goes wrong, you’re stuck with what you’ve got in your tank.
I bet most Californians had no idea the gasoline supply across their entire state depends on a couple of high-voltage wires feeding a single refinery in Torrance. That’s how amazingly fragile California’s energy infrastructure really is. There are no pipelines from other states! When California’s refineries go out, they’re out!
There’s nothing nefarious going on, unless one counts the idiocy of Big Government.
