Gas being cheaper is just a result of the dollar being so high relative to the other currencies lately. All the commodities are lower (priced in dollars) these past weeks. All thanks to the Euro financial crisis. Don’t worry, what goes around comes around and it’ll happen here sooner or later. California is just a bigger version of Greece. The dollar will cease to be a flight to safety currency and will be seen as just paper as the US inflates itself out of debt.
http://alajnabee.wordpress.com/2012/06/04/can-saudi-arabia-flood-the-market/
The Saudis haven’t moved against the oil markets? Last year they pumped about 8.5 million barrels a day (b/d). Because of disruptions and anxiety surrounding a possible strike on Iran, they are now pumping 10 million b/d, all in an effort to push down prices. Cooper says the Saudis might flood the market in order to turn the screws on Iran.