Lemoore shows they way on gas prices
Can anybody do something about these gas prices? Let the gas merchants in Lemoore run the show.Lemoore’s Fastrip is the cheapest station to buy gasoline in all of California at $5.21 gallon as of July 6. Gas prices across the US have dropped in the past week.
UPDATE: July 9- Yokut Gas is the new state low price leader today at $4.89 a gallon!
As of July 6 crude prices are down to $98 a barrel compared to a high of $120 a barrel just a few weeks ago. Chevron’s posted crude oil price in California has dropped into the $90s this week for the first time since February.
GasBuddy says the latest Energy Information Administration data says gas demand currently sits at 8.93 million b/d, which is lower than last year’s rate of 9.11 million b/d at the end of June. On the other hand, total domestic gasoline stocks increased by 2.6 million bbl to 221.6 million bbl. These supply/demand dynamics, along with decreasing oil prices, have pushed pump prices lower. If these trends continue, drivers will likely continue to see lower prices at the pump.
Now there is some relief from Sacramento.
Diesel fuelers will catch a break from the state’s sales tax as of October. Suspension of the state diesel tax will save about 23 cents a gallon. As for gasoline users twenty-three million Californians will benefit from Sacramento direct payments of up to $1,050. The tax refunds would be distributed starting in October.
The Kings EDC says Buttonwillow Warehouse Co in Corcoran continues to expand.The family-owned business has more than 50 years of experience serving California growers. BWC arrived in Corcoran in the year 2000 with a purchase of a grain warehouse in the Corcoran Industrial Park along the BNSF Railway. Since that time, they have purchased the CDR and Homac Buildings, and purchased the Mercury/Seward Building in the past year adding over 150,000 s.f. to their Corcoran holdings and increasing their employment significantly.
Kings EDC president Lance Lippincott says Kings Country is a finalist in plans to locate a large anaerobic digester project in the Valley and the company is scouting for locations here now.Statewide, studies indicate that California could produce almost 300 billion cubic feet of renewable natural gas per year from organic waste, enough to replace 75 percent of all the diesel fuel used by motor vehicles in California.
Following the$ 97.5 billion state budget surplus, California lawmakers last week agreed to spend $4.2 billion in bond funds needed to finish the ambitious high-speed rail project’s 171-mile Central Valley portion which is expected to connect Bakersfield with Merced through Hanford by 2030, according to the agency’s current estimates.