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Gas prices set a record in California

Nancy Rivera Brooks
LA Times [1]
Oct 7, 2012

California’s average gasoline price set a record Saturday of $4.614 for a gallon of regular, up 12.8 cents overnight – but anyone who filled up in the last few days probably isn’t surprised.

Gasoline prices skyrocketed after the Exxon Mobil [2] refinery in Torrance was knocked offline Monday by a power outage. Other lingering refinery and pipeline problems also contributed to the soaring costs at the pump.

Several service stations are charging more than $5 a gallon for regular gasoline. Some have stopped selling gas because they don’t want to pay the high wholesale price, which reached a record Thursday but eased somewhat on Friday.

Full article here [1]