Oil Prices little impact on California gas prices

While oil prices have soared in recent weeks, some experts are predicting a heavy toll on the world economy. Yet, in California at least, gas prices seem to be falling from their artificial highs of earlier this summer. Some may consider this a result of price collusion...others might think it is evidence of the fact that refining capacity is so limited in California that it--not the price of oil--drives prices. We're not sure, but are still befuddled by the apparent contradiction between oil and gas prices in the Golden State.