“Pump prices in California soared this week as key Golden State refineries were disrupted at a time of low inventories, putting prices on track to break a record set in the summer of 2008.
The state average for a gallon of regular gasoline jumped to $4.315 on Thursday, 18.2 cents higher than last week and 49 cents higher than a year ago, according to AAA data.” (Reuters)
Where should we look? Big Oil or Big Government?
FEE Timely Classic
Whom Should We Thank for High Gas Prices? by Michael Heberling