Oil shortages hit California

Gasoline station owners in the Los Angeles area including Costco Wholesale Corp. (COST) are beginning to shut pumps because of supply shortages that have driven wholesale fuel prices to record highs. Costco’s outlet in Simi Valley, 40 miles (64 kilometers) northwest of Los Angeles, ran out of regular gasoline yesterday and was selling premium fuel at the price of regular, Jeff Cole, Costco’s vice president of gasoline, said by telephone. The company hasn’t been able to find enough unbranded summer-grade gasoline to keep its stations supplied, he said. Bloomberg

So, simple minded economists. We have six or nine regional economies with detailed economic data. Why do you bozos just report the aggregate for the whole USA. Doncha think it is a bias to assume we are all co-equlibriated economies? Do you really want to ignore accuracy?