February 9,2015
Storm To Bring Shasta Storage To 2.4 Million AF – Same As All Last Year
This past week series of storms has helped fill Shasta Reservoir to last year’s high level mark of 2.4 million af projected to reach that level by February 11. The Atmospheric River storms over a 5-day period in December and again this past week are to be credited with the rapid rise. The storms helped raise the Northern California Precipitation Index to a 102% of average as of today says the state. The warm storms dropped near 11 inches of rain that largely flowed into the lake since little fell as snow.Meanwhile the Bureau of Reclamation reduced outflows from the lake to protect against flooding downstream.
Key reservoir rises rapidly after storms in December and this past few days.
$750 Average Savings At The Pump
The federal EIA says this week that “the national average pump price is expected to stay below $3 a gallon during 2015.”
“Gradually rising crude oil prices will push the average U.S. gasoline price to $2.13 a gallon this quarter and to $2.33 a gallon for 2015 as a whole.”
“Despite the recent end to 17 straight weeks of declining gasoline prices, the average U.S. household is forecast to save $750 in gasoline costs this year compared with 2014.”
California Eggs Price Take A Dive
USDA Market News says wholesale California eggs fell 95cents per dozen for the jumbo size compared to a week earlier. Jumbos averaged $2.40. Those same eggs delivered to the grocery store averaged $3.27 and the store marks them up from there. Shoppers in New York are paying $2.69 for extra large eggs. Some California grocery stores were selling a dozen eggs for $6 a few weeks ago but the price is in the $4 range now but more for organic and range free.
The below USDA chart for large size eggs shows California delivered prices falling $1.50 a dozen in recent weeks – about 40 cents higher than year ago. Egg industry sources expected this drop after Prop 2 went into effect January 1 sending prices sky high.
