Gas prices are down like the economy

LOS ANGELES (CNS) - The average price of a gallon of self-serve regular
gasoline in Los Angeles County declined today for the 33rd time in 34 days,
dropping four-tenths of a cent to $2.841. The average price is 2.2 cents
less than a week ago, 17.8 cents less than a month ago and $1.569 less than a
year ago, according to figures from the AAA and Oil Price Information Service.
The average price fell 31 consecutive days, rose two-tenths of a cent
Wednesday, then declined two-tenths of a cent Thursday.
The Orange County average price declined today for the 18th time in 19
days, falling three-tenths of a cent to $2.832, 2.1 cents less than a week ago,
18.1 cents less than a month ago and $1.526 less than a year ago.
However, slight price increases nationally over the past two days are
"probably not a good sign for Southern California prices decreases to
continue," said Automobile Club of Southern California spokesman Jeffrey
Spring, "but this could be a plateau, rather than the start of another price
spike."
"Crude oil prices have risen on the world market, but demand remains
flat and supply is plentiful," Spring said.

THIS IS FROM A CITY NEWS SERVICE ARTICLE

Offshore Dilling a Bad Idea says Schwarzenegger

Governor Schwarzenegger says people who think offshore oil drilling will bring down gas prices are just “blowing smoke”.

Some analysts say Schwarzenegger’s comment was being directed towards Republican Presidential nominee John McCain and possible running mate Florida Governor Charlie Crist.

The California Governor also criticized U-S energy consumers for not using enough renewable energy.

Schwarzenegger wants 33 percent of all California electricity to come from renewable sources—the state currently gets 12 percent.

Schwarzenegger also wants to add seven Million more hybrid vehicles by 2020.

Schwarzenegger and Crist did agree on one thing that the everyday driver needs to do more for the environment—drive slower, keep engines tuned, and tires properly inflated.