Originally Posted By WilliamK99 So what's the excuse for the gas prices rising so much in California? Just curious why the oil companies are choosing this month to jack up the prices...
Originally Posted By FaMulan The Chevron refinery in Richmond, CA is recovering from a fire. There was a blackout at the Exxon Mobil refinery in Torrance this past Monday. I've also heard there are pipeline issues. And there's the issue of California's more strict environmental laws which require special blends of gasoline not available elsewhere. The Torrance refinery is estimated to be back to full function early next week.
Originally Posted By mawnck Here's an article about it. Basically, they're using the above as an excuse. <a href="http://www.latimes.com/business/la-fi-gas-prices-20121006,0,2392491.story" target="_blank">http://www.latimes.com/busines...91.story</a> >>"Inventories may not be that low," said Philip K. Verleger Jr., visiting fellow at the Peterson Institute for International Economics. "However, those owning supplies suddenly decide to keep them. Some might say hoard them. Buyers seeking gasoline supplies then bid up the price for the volumes that are available."<< We switch to winter blend on November 1st, so it's not like they have to hoard the summer blend for the distant future. My personal suspicion is they're trying to pressure the state government to let them switch to the cheaper winter blend early. But that's just the speculation of a cynic. ;-)
Originally Posted By DyGDisney Yes, that's what I heard as well. I also read that by Thanksgiving prices should be down by 50 cents. Costco in my town is $.60 cheaper than other places, but the lines are extremely long and several of the pumps are closed.
