Chevron’s Richmond oil refinery should be fully functional again during the first quarter of 2013, once repairs to the crude oil unit devastated by a massive fire in August have been completed, a company spokesman said Friday.
Frustrated drivers who have been paying significantly more at the pump lately have been asking the obvious: when is relief coming? When are gas prices coming down?
Californians routinely pay some of the highest gas prices in the nation, and the current cost of a gallon at the pump is no exception. But, drivers who think they’re being unfairly exploited by the oil companies should think again – says one UC Berkeley economist, who points to many other reasons why the cost of fuel is so high.
Severin Borenstein, a professor at the University of California, Berkeley who helped design the Essential Air Service program, said Congress originally intended for the program to end after 10 years.