Senin, 08 Oktober 2012

California Gas Prices: Another Day, Another Record

After a recent surge sent the price of gasoline in California to a new record Saturday, sticker shock at the pumps intensified Sunday in the Golden State.

The average price for a gallon of regular fuel rose 4.1 cents to just over $4.65, according to AAA?s Daily Fuel Gauge price-tracking report. The average price in California at the beginning of this month was about?$4.17, which was already 34 cents higher than a year earlier. The national average is about $3.80.

California tends to have high gas prices compared with many markets around the U.S., but the margin has grown especially wide of late because of a number of factors including the shutdown of a refinery in Torrance resulting from a power outage.

Other refinery and pipeline problems have also hurt the supply of gasoline, and to top it off, stations are preparing for the annual change to winter-blend fuel, which also can be disruptive.

Gas prices yesterday reached a new record, surpassing the old high set during the 2008 fuel crisis.

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Source: http://blogs.wsj.com/drivers-seat/2012/10/07/california-gas-prices-another-day-another-record/?mod=WSJBlog

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California Gas Prices: Another Day, Another Record
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