Gas Price Flashback!

Time to jump into the Wayback machine for a truly grim exercise in hindsight:

On February 13, we posted about falling gas prices in California. At the time, the average price per gallon in California was $3.12.

We noted with trepidation, that the EIA was predicting prices of $3.55 in the second quarter. Well, here we are, roughly 4.5 months later, just 5 days from the close of Q2... how'd we do?

The average price of gasoline in California is currently $4.60 (and that is down in recent days).

Ouch.

[The only good news here is that we finally found a way to work a Rocky & Bullwinkle reference into an energy post!]