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Gas prices set a record in California

Posted By admin On October 7, 2012 @ 3:51 am In Money Watch | Comments Disabled

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]

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URLs in this post:

[1] LA Times: http://www.latimes.com/business/money/la-fi-mo-gas-price-record-20121006,0,3160717.story

[2] Exxon Mobil: http://www.latimes.com/topic/economy-business-finance/exxon-mobil-corporation-ORCRP005510.topic

[3] California Gas Stations Shut as Oil Refiners Ration Supplies: http://www.prisonplanet.com/california-gas-stations-shut-as-oil-refiners-ration-supplies.html

[4] Sky-high gas prices in California reveal energy infrastructure ripe for sudden collapse: http://www.prisonplanet.com/sky-high-gas-prices-in-california-reveal-energy-infrastructure-ripe-for-sudden-collapse.html

[5] California Wakes Up To Another Record High Gas Price: http://www.prisonplanet.com/california-wakes-up-to-another-record-high-gas-price.html

[6] Gasoline Prices More than Double Under Obama: $1.84 to $3.85: http://www.prisonplanet.com/gasoline-prices-more-than-double-under-obama-1-84-to-3-85.html

[7] Gas prices hit $4 per gallon average across U.S.: http://www.prisonplanet.com/gas-prices-hit-4-per-gallon-average-across-u-s.html

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