Nearly full with no buyers insight. The otherworld benchmark bench crude is down by 62 since new years day and falling. Demand to so will refineries now working at only 69 of capacity a level not seen since the great recession. Oil refinery giants marathon closed three other refineries including the one in concorde across the county. Many producers keep pumping oil because shutting the wells down may seriously damage them. Or decrease their future production. U. S. Producers with their higher production costs will be the 1st to shut down. Causing big losses for their shareholders and bondholders. Very likely many of these committees are going to go bankrupt is the price of oil were to go back up they would start producing oil demand for gasoline down 50 diesel down 30 . Jet fuel down 75 . As of today the aaa fuel gauge ort says the average price of a regular gallon of gas, across the nation a dollar 81. That is 0. 34 per gallon less expensive than a month ago the dollar three a gallon
Second, but first option, steve, you said pretty breezied to, huh . Yes, change from yesterday. Northwest breeze at middle peak. 32. Hey, northwest 32 the low clouds are getting wiped out by a northwest breeze. 40s and 50s. Santa rosa is down to 42. Well get some 30s. Dew north at 26 miles per hour. To upper 30s and well end up with 680. The only setup with santa the direction the wind is cutting from. Rosa. 38 in lakeport. They can be easily one of the warmest locations. Santa rosa at 42. As this wind picks up, a system fairfield at 45. In pacific northwest. Los altos now at 42. Halfmoon bay north at 38 miles per hour. So with that in mind, 60s today. That is in crescent city. Lots of sunshine. 30s, 40s and 50s. A little bit of cool air a little bit cooler here. Settling in. A system to the north is not too bad. I think well notice that more digging southward as it does. Tomorrow. That is chewing up the fog the system will keep us under bank. The big news continues to be sunny skies t
Yeah it can be a breezy month. Were looking temperatures to start off in the 40s for a few. Santa rosa is at 42 degrees. Hold on a minute. Hold on. Well, sal, get ready. Im goings to it over to you. We will have a sunny and breezy day and high in the. All right, good morning, steve. The traffic is moving along pretty well. The Public Transit systems are working on a modified schedule. As you drive across the san mateo bridge, it looks good. Now, going 501 and back to the disk. Thank you, sal. President trump is your honoring americans to follow the stay at home guidelines saying that its a matter of life and death. This is to be a very painful two weeks. Now, the warning came with the white house projection that is there could be 140,000 death in the u. S. Even if people follow social distancing guidelines. As sobering as that is, we should be prepared for it. Is it going to be that much . I hope not . I hope that we push on the mitigation and the less likelihood that its going to be t
Harvey weinstein is sentenced to 23 years in prison for rape and Sexual Assault punishment praised by his accuser thats. U. S. President donald trump is suspending travel with europe for 30 days to combat the coronavirus pandemic the unprecedented restrictions wont apply to the United Kingdom and it wont affect the u. S. Citizens or permanent residents in his National Address he accused the e. U. Of not responding quickly enough to the virus a White House Correspondent can be held at reports. With the number of u. S. Corona virus infections continuing to rise President Donald Trump made out a Rare Oval Office address to announce new travel restrictions to blot the spread of the virus to keep new cases from entering our shores we will be suspending. All travel from europe to the United States for the next 30 days these restrictions will also not apply to the United Kingdom truck justified the strict measures by blaming european leaders now dealing with a mass outbreak of cases. The Euro
Provide new for the quarter. Hsbc says 35,000 jobs will go after full profit misses expectations falling 33 italy sampalo getting rolling. Sending shares in the smaller rival up over 20 . The European Competition commissioner tells cnbc she had constructive talks with Mark Zuckerberg there is a change in tone a lot realize there is change needed not in detail. I think that is left for us. Good morning, everyone our number one top story today is about apple apple shares are sinking in frankfurt after the tech titan made a shart warning it does not expect to meet quarterly expectations the supply of iphones will be temporarily limited worldwide. Apple forecasted record revenues it has failed to provide a new revenue forecast, however. Shares in apple suppliers are sharply lower off the back of the downgraded guidance. You can see down almost 5 on the news big ripple effects were seen here you can see the broader complex down 3 to 5 this morning huge knock off effects having an impact let