Lawmakers Look To Do Something About Higher Gas Prices
The price climbs at the pump are prompting lawmakers to take action here on the west coast.
In California, Governor Jerry Brown ordered the release of the winter blend fuel earlier than usual to help offset costs.
Peter Krueger with Nevada Petroleum said that will help because most of Nevada's fuel is brought over from the bay area before being refined in Salt Lake City.
Here's what the winter blend is and how it will help: The biggest difference is the winter blend of fuel burns quicker in the atmosphere than the summer blend when it's hot outside. Meaning, more pollutants could be released into the atmosphere.
That's why California usually switches to the winter blend on October 31st every year, when it gets cooler.
I asked Krueger how the release of this winter blend a couple weeks early will lower prices at the pump.
"Once they get it wholesale, the price comes down. Our supply sitting here will become more competitive. The real problem here is the gas sitting here is not at a competitive price."
Supply is a big issue. According to officials in California, once the winter blend is released -- it could increase supply by 8 to 10 percent.
Along with the early release order, California Senator Dianne Feinstein is asking for a federal investigation to look into why prices keep rising. She said she doesn't believe it all boils down to supply and demand.
I asked Krueger what he thinks.
"She's wrong. That's just pandering to the public. The feds have had three or four studies and never ever indicated major oil companies or anybody is gouging or fixing prices to hurt the public."
Some good news here, hopefully. Krueger said he believes gas prices will drop a bit by the end of the month.