Monday, October 8, 2012

Gov. Brown takes emergency action to try to reduce gas prices

Gov. Jerry Brown took “emergency steps” Sunday to try to bring down record gas prices in the state. - Stuart Pfeifer/LA Times

He directed the California Air Resources Board to increase the fuel supply by allowing the immediate sale and import of cheaper and more available winter-blend gasoline.

The move would reduce the price of gas in California by 15 to 20 cents per gallon, probably within a few days, said energy expert Chris Faulkner of Dallas-based Breitling Oil and Gas.

“This would immediately increase the supply of gasoline in California,” Faulkner said, but he cautioned that it would take a few days for the governor’s move to be reflected at the pump.

“Gas goes up quickly and comes down slowly,” Faulkner said.