patrick.net

Today in how not to get gas prices down on the West Coast news, it was announced that California is on the precipice of losing two more major refineries that produce 14% of the state's gasoline due to suffocating regulation.

Valero may shut down its two California refineries, according to Just The News.

With existing closures already requiring California to import 8% of its supply, the state could soon face a greater dependence on refined imports, adding to its reliance on Middle Eastern and South American crude.

https://www.zerohedge.com/markets/two-refineries-produce-14-californias-gasoline-set-close-due-regulatory-pressure

Today in how not to get gas prices down on the West Coast news, it was announced that California is on the precipice of losing two more major refineries that produce 14% of the state's gasoline due to suffocating regulation.

Valero may shut down its two California refineries, according to Just The News.

With existing closures already requiring California to import 8% of its supply, the state could soon face a greater dependence on refined imports, adding to its reliance on Middle Eastern and South American crude.

that Flavortown Kitchen (in Huntington Beach) probably pays $20 an hour to its entry level staff (not servers)

at Dat Cajun Place ( https://datcajunplace.com/?page_id=428 ) about 3/4 of a mile from the shoreline in Panama City Beach , they pay at least $15 yet the food is just as good quality food and a patty melt burger with fries there goes for only around $12 and $11 for the special-of-the-day

it costs to rent a 3 bedroom, 2.5 bath, +1 car garage within 2 miles of Dat Cajun Place for about $1900 a month

Wolfman has a great article on the latest CPI report : https://wolfstreet.com/2024/11/13/beneath-the-skin-of-cpi-inflation-overall-cpi-accelerated-for-4th-month-core-cpi-for-3rd-month-on-re-spiking-used-vehicle-prices-rising-homeowner-costs/

The stubbornly high core inflation rate was driven, so to speak, by the prices of used vehicles that rose for the second month in a row, having U-turned from a historic plunge, which had been one of the big contributors to cooling core inflation. But it appears to be over. Used vehicles have now turned into an inflation headwind, which we figured was coming our way, based on the rising prices at used-vehicle auctions where dealers buy to replenish their inventories.