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For Labor Day weekend, American consumers in 45 states will likely see the highest fuel prices they’ve ever seen at this time of year.
Only motorists in Alaska, Colorado, Montana, New Mexico and Wyoming will be spared from record high prices at the pump.
“The average motorist will be laboring a bit more to pay for gas this Labor Day weekend. When you return to work after the Labor Day holiday it might be a good time to ask your boss for a raise,” said Patrick DeHaan, senior petroleum analyst, www.GasBuddy.com .
“Although the end of summer driving season usually sends retail gas prices downward, they’ve got a long way to go before prices fall back to ‘tolerable.’ While Hurricane Isaac begins to weaken, there’s still enough upset motorists to think this was a category five storm,” he said.
“The national average is at $3.80 per gallon, 18 cents more than where we were a year ago, and eight states have an average price today at $4 a gallon or higher. Gas in New York City is averaging $4.06 a gallon; Los Angeles is at $4.15 a gallon, and those are relative bargains compared to the $4.35 a gallon we’re paying now in Chicago,” DeHaan added.
There’s no question that Hurricane Isaac’s timing and impact made a bad situation worse; forcing Gulf Coast refineries and others in its path to partial or full closures.
But if there’s a silver lining, it’s that the record highs at the pump are likely to move lower through the weekend.
“Contrary to popular belief that prices always rise during major holiday weekends, analysis of Labor Day weekend prices from 2001 through 2011 shows that the national average price of gas actually declined in 10 of the last 11 years,” said Gregg Laskoski, senior petroleum analyst for GasBuddy.com. “In three of those years the decline was nominal; by 0.5 cents per gallon or less. In 2006 we saw the greatest decrease from the Friday through Monday (3.3 cents per gallon); 2002 was the only year when Labor Day Weekend prices increased (+2.6 cents per gallon).”
GasBuddy operates GasBuddy.com and more than 250 similar Web sites that track gasoline prices at over 140,000 gasoline stations in the United States and Canada.
In addition, GasBuddy offers a free smartphone app which has been downloaded over 20 million times to help motorists find gasoline prices in their area.
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Insurance Commissioner Dave Jones released on Monday the savings and cost analysis of the workers’ compensation reforms introduced in SB 863, co-authored by Senator DeLeon and Assembly Member Solorio.
Commissioner Jones requested the California Workers’ Compensation Insurance Rating Bureau (WCIRB), which is licensed by the Department of Insurance and is the sole rating organization for all California workers’ compensation insurance companies, to review the reform proposals and determine the costs and savings achieved by the bill to support needed increases in permanent disability benefits to injured workers.
“The analysis by the WCIRB indicates that SB 863 has cost savings that significantly offset the costs of providing needed increases of permanent disability benefits for California’s injured workers,” said Commissioner Jones.
“I remain concerned about continued rising costs in the system, however, particularly medical costs and the expenses to adjust workers’ compensation claims, and encourage all stakeholders to look for additional ways to reduce system costs,” he added.
View the entirety of the WCIRB's report and its analysis of SB 863's savings and costs at http://www.insurance.ca.gov/0400-news/0100-press-releases/2012/upload/nr109-2012WCIRBEval.pdf .
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LAKEPORT, Calif. – The Thrive Lake County LION (Local Investing Opportunities Network) will meet on Wednesday, Sept. 12, from 5:30 p.m. to 7:30 p.m. at the Lakeport Senior Center, 527 Konocti Ave. in Lakeport.
Any local investor or local business owner is invited to attend.
They will get acquainted with each other, learn more about how a LION works, start the process of understanding how to evaluate risk and learn what to ask for from a prospective business investment partner, and hear presentations from several local entrepreneurs.
If you’re a business owner and would like the chance to share your opportunity at this meeting, visit http://thrivelakecounty.org/call-for-presenters.html . They will select from those who reply to the questionnaire that will be found there.
Do you have $10 you can put toward a local business? If so, you’re an investor. Come meet other movers and shakers in our community who will transform our local economy from the ground up.
Admission is $5 to cover cost of refreshments.
For more information, send an email to
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The full California Legislature has approved Assembly Joint Resolution 39 by Assemblymember Wesley Chesbro (D-North Coast), which urges the federal government to use seafood import revenues to market American fish and seafood.
“The competition in America from products imported from foreign countries is hurting California’s fish and seafood industry,” Chesbro said. “The federal government collects about $400 million a year in foreign seafood import revenues. AJR 39 urges the feds to allocate a portion of this revenue to start a program to promote and market American fish and seafood and the sustainable practices the domestic industry uses.”
The full Assembly gave final approval to AJR 39 this week with a bipartisan 57-0 vote. The resolution will be transmitted to the president and vice president, both of California’s U.S. senators and to each member of Congress from California.
“AJR 39 will help enhance the seafood industry’s ability to market and promote locally caught and sustainably produced seafood,” said David Goldenberg, chief executive officer of the California Salmon Council and executive director of the California Sea Urchin Commission. “We see every day that our customers want to know where our seafoods are sourced. These funds will provide assistance to tell our story and reach new markets which have been previously been unattainable to us.”
“Efforts to market domestic fish and seafood to Americans are currently woefully under-funded,” Chesbro added. “The Legislature believes that some of the large amount of money collected from foreign products imported to compete with the American industry should be used to educate consumers about the sustainable practices the American industry uses and the jobs it creates.”