Oil prices are skidding lower this week with WTI crude down in the $97 range today. This is the first time since late June that prices are below $100 a barrel.In California Chevron Midway Sunset oil that sold for $$105 in September is now down to $95. There is a glut of gasoline in the US says a Wall Street Journal article this week as refiners enjoy good profit exporting diesel but not on US gas where margins are thin.Some expect gas prices to fall further. In California gasoline is selling as low as $3.35 a gallon around Turlock according to Gas Buddy.
S2S Reading Area
In SLO county the Nipomo Vons has posted a county low of$3.61 and Morro Bay ARCO is selling at for $3.67; SLO’s Costco at $3.69. In Tulare the Valero is is down to $3.48 and its $3.49 at the Costco inVisalia.The California average gas price is $3.74 with prices down about 22 cents in the past month.
