Wednesday, January 17, 2018

Short supplies keep gas prices rising in Calif.

LOS ANGELES — Gasoline prices in California continued surging Friday, adding another 17 cents per gallon on average, and the increases are expected to continue for at least several more days, ensuring long lines.

A week of soaring costs has led some stations to close and others to charge record prices — in some places $5 or more — as California leapfrogged Hawaii as the state with the most expensive fuel. The average price for a gallon of regular unleaded across California was nearly $4.49 on Friday, 32 cents more than a week ago and the highest statewide average in the nation, according to AAA's Daily Fuel Gauge report.

The national average is about $3.79 a gallon, the highest ever for this time of year. However, gas prices in many other states have started decreasing, which is typical for October.

The average price for regular gasoline in California hit an all-time high of $4.61 per gallon in June 2008. That could be eclipsed this weekend.

Patrick DeHaan, senior petroleum analyst at GasBuddy.com, said he expects the increase in prices to peak around $4.85 a gallon over the next several days and then level off.

A web of refinery and transmission problems is to blame, analysts said. The situation is compounded by a pollution law that requires a special blend of cleaner-burning gasoline from April to October, said Denton Cinquegrana, executive editor of the Oil Price Information Service, which helps AAA compile its price survey.

Among the recent disruptions, an Aug. 6 fire at a Chevron Corp. refinery in Richmond left one of the region's largest refineries producing at a reduced capacity, and a Chevron pipeline that moves crude oil to Northern California also was shut down.

There was some good news.

Exxon Mobil Corp. said a refinery in Torrance returned to normal operations Friday after a power failure Monday disrupted production for most of the week.

Comments
USF’s Nichols, Senat draw praise from Shrine coach

USF’s Nichols, Senat draw praise from Shrine coach

Following Wednesday morning's practice in preparation for Saturday's East-West Shrine Game, East coach Jonathan Hayes was asked which players have impressed him the most to this point.Of the seven he mentioned, two – DT Deadrin Senat and DB Dea...
Updated: 4 minutes ago
Schools of Hope moves a step forward

Schools of Hope moves a step forward

The Florida Board of Education unanimously approved a rule on Wednesday opening the door for private nonprofits to apply to receive millions in state funding to operate charter schools near low-performing public schools, called "Schools of Hope."The ...
Updated: 7 minutes ago

Minnesota health exchange boasts record 116K signups

Minnesota's health insurance exchange says it signed up more than 116,000 residents, a record year at a challenging time in health care nationwide
Updated: 8 minutes ago

Syrian Kurds appeal to UN as Turkey prepares to attack

Syrian Kurds appeal to U.N. Security Council as Turkey prepares to attack their enclave
Updated: 9 minutes ago

IAAF visits Oregon in advance of 2021 World Championships

The international governing body for track and field has been visiting Eugene, Oregon, to look at preparations for the 2021 World Championships
Updated: 9 minutes ago
Time to carbo load: Three new bakeries include an Australian bakery, second La Segunda

Time to carbo load: Three new bakeries include an Australian bakery, second La Segunda

LA SEGUNDAA Tampa Bay giant has stirred and is on the move. La Segunda Central Bakery, a family-owned Ybor City institution for nearly 103 years (they celebrated that birthday Jan. 15) and the largest producer of Cuban bread in the world, will open a...
Updated: 10 minutes ago
Detroit church offers sanctuary to man facing deportation

Detroit church offers sanctuary to man facing deportation

A Detroit church is giving sanctuary to a Michigan man who is facing deportation to Albania. Central United Methodist Church is offering sanctuary to 48-year-old Ded Rranxburgaj of Southgate, who is scheduled to be deported Jan. 25
Updated: 11 minutes ago
Jaguars' Ngakoue trying to turn heads on AFC's biggest stage

Jaguars' Ngakoue trying to turn heads on AFC's biggest stage

Yannick Ngakoue has a knack for the strip-sack and could pose problems for the New England Patriots in the AFC championship game
Updated: 12 minutes ago
Frat pledge's alcohol death leads to hazing charges for 9

Frat pledge's alcohol death leads to hazing charges for 9

The death of a fraternity pledge from alcohol poisoning has led to hazing charges against nine Florida State University students
Updated: 12 minutes ago
Tillerson says Kim Jong Un must 'tell me he wants to talk'

Tillerson says Kim Jong Un must 'tell me he wants to talk'

Secretary of State Rex Tillerson is confident North Korea eventually will want negotiations with the United States
Updated: 15 minutes ago