How to resolve AdBlock issue? 
Business News
- Details
- Written by: Editor
NORTHERN CALIFORNIA – California drivers are seeing gas prices drop or stabilize despite the continuing oil spill in the Gulf of Mexico.
The latest report from AAA Northern California shows, out of 25 metro areas where AAA tracks gas prices, all but three have seen decreases in their average prices compared to AAA’s last survey on May 11.
“The leaking oil in the Gulf is coming from an exploratory well operation, meaning the oil itself is not immediately being counted on in the markets, so it has not impacted the price at the pump,” said AAA Northern California spokesperson Matt Skryja. “Economic concerns, particularly in Europe, along with unemployment data, low demand, and high oil reserves are helping to keep the prices low.”
California’s average gas price is the third highest among all 50 states according to the latest report from AAA, which tracks gasoline prices as a service to consumers.
The Golden State’s average for a gallon of regular, unleaded gasoline is $3.08, down seven cents since last month’s report. For perspective, that’s 17 cents more than California’s average price on this date last year, when it was $2.91.
Northern California gas prices are now averaging $3.09, down seven cents from last month.
In the San Francisco Bay Area, motorists can expect to pay an average price of $3.19, which is a three-cent drop. The national average price of $2.72 is down by 18 cents, which is 10 cents more than the national price on this date last year, when it was $2.62.
In discussing the oil market, much of the focus remains on the biggest oil disaster in U.S. history at the Deepwater Horizon drilling site.
The Obama administration recently put a hold on any new deepwater exploratory drilling in the U.S. for six months.
The spill continues to be very much on the minds of investors. Although AAA believes oil prices should not be affected in the short term, the drilling moratorium’s potential long term impact on supply will likely be heavily considered by investors, as they evaluate oil as an investment.
California does not get any of its oil supply from the Gulf region, so any impact to the state’s pump price down the road would potentially be linked to the moratorium, not the spill itself.
The least expensive average price in Northern California can be found in Marysville where unleaded is $2.94.
Of all the metro areas in Northern California where gas prices are tracked by AAA, South Lake Tahoe and Eureka’s average prices of $3.25 are the highest. It’s also the highest price in the lower 48 states.
The least expensive gasoline in the country is found in St. Joseph, Missouri, where the average price of gas is $2.38.
Wailuku, Hawaii, holds the dubious crown for the highest average price in the nation, at $3.85 per gallon.
- Details
- Written by: Editor
SACRAMENTO – State Controller John Chiang has released his monthly report covering California’s cash balance, receipts and disbursements in May.
The month’s revenues rose above the governor’s May Revision estimates by $592 million, or 9.8 percent.
“May revenues may have been positive, but their small climb represents only three percent of the State’s budget deficit,” said Controller Chiang. “The financial problems before the Legislature and Governor remain just as daunting and time-sensitive as they did a month ago.”
Personal income taxes accounted for most of the jump in May, coming in $392 million above projections for the month.
State expenditures were running $1.15 billion behind estimates through May 31.
The state started the fiscal year with an $11.9 billion cash deficit, which rose to $18.6 billion on May 31, 2010.
Those deficits are being covered with a combination of $12 billion of internal borrowing from special funds and $6.0 billion in external borrowing.
A revised cash outlook reflecting May’s numbers will be made available early next week.
May 2010’s financial statement and the summary analysis can found on the Controller’s Web site at www.sco.ca.gov.
- Details
- Written by: Editor
LAKEPORT – The Lake County Chamber of Commerce's next 59 Minute Seminar will be about how to get started with Shop, Stay & Play.
The seminar will be held from 6 p.m. to 6:59 p.m. Monday, June 21, at Lakeport City Hall, 225 Park St.
Shop, Stay & Play (“SSP”) is a chamber program designed to encourage Lake County residents and visitors to spend their dollars here.
Its centerpiece is an e-commerce Web site (www.shopstayplay.com) which opened for business on June 1.
At this seminar they will help people get their businesses up and running so they can start making money right away by including SSP as a weapon in their marketing arsenal.
Key seminar topics will include:
Show you how to sign up.
Show you how to write (and post) an effective business profile.
Provide you with ideas for creating amazing deals that will make your customers (and you) very happy.
Show you how to post an outrageous deal on the site.
If you've got a laptop, bring it along.
Book your free seat now. Numbers are limited to the first 50 people.
To register online visit http://www.lakecochamber.com/calendar/w/id/39/eventid/3575/registration.asp.
For more information contact the Lake County Chamber of Commerce at 707-263-5092, www.lakecochamber.com or
- Details
- Written by: Editor
The Lake County Chamber is hosting a series of grand opening celebrations around the county to make residents and business owners aware of the Web site, located on the Internet at http://shopstayplay.com.
Join the fun. Shoppers – let your voice be heard. Write reviews for your favorite (or not so favorite) Lake County business on Shopstayplay.com. Business owners – find out how you can grow your business through participating on Shop, Stay & Play.
Find out more by attending the first grand opening celebration for Shop, Stay and Play, to be held from 6 p.m. to 7:30 p.m. Thursday, June 10, at the Lake County Chamber Offices, 875 Lakeport Blvd.
Everyone is invited. Drop by and enjoy the music, some light refreshments and the wonderful company of other wonderful Lake County residents like yourself. They will have computers available to give you a guided tour of the site and to get you signed up on Shop, Stay & Play right on the spot.
Can't make any of this event? They're available 24/7 on the Internet – visit them at http://shopstayplay.com.
Need more information? Call the Lake County Chamber of Commerce at 707-263-5092 or by email at