Fuel's Gold

California fuel prices continue to climb as summer driving season approaches and its 'only going to get worse', warns state's Energy Commission.

Published: 03-Apr-2005

Angeles drivers found record high prices for both gasoline and diesel Friday, with little hope of relief for months to come.

Prior to the summer driving season, fuel prices normally moderate as demand slackens and supplies increase. But with crude oil prices closing Friday at a record-high $57.70, drivers found themselves paying an average of $2.454 for a gallon of regular gasoline, which the Automobile Club of Southern California pegs at 33 cents more than a year ago. Diesel saw an even steeper hike, jumping almost 56 cents, to $2.627 per gallon.

And it's only going to get worse.

"I wish I could give you better news," said Susanne Garfield, a spokeswoman for the California Energy Commission. "We haven't hit the highest price when you adjust for inflation, but for most people, who cares? It's money out of your pocket."


Visits to China, India, Malaysia and Pakistan are significant because the trip spells out the Saudi Kingdom's Look East policy, representing a new reorientation in its foreign policy that was heavily tilted toward the West.

The worst two scenarios suggest a drastic decline in output to 875,000 barrels a day by the end of 2007 and to just 520,000 a day by the end of 2008.

Bush said he envisioned a future in which a plug-in hybrid car could drive 40 miles on a lithium-ion battery, then stop at a filling station for ethanol, a fuel usually made from corn, similar to HyMotion Prius pictured below.


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