Friday, August 10, 2012

GA$ PRICE$

Analysts expect West Coast gas prices to rise beyond $4 a gallon after a fire knocked out a key section of one of the nation's largest oil refineries. Five separate investigations will be done to determine the cause and effects of the Monday night blaze at Chevron's Richmond refinery.The average price of regular gasoline jumped in California from $3.86 a gallon on Tuesday to $3.94 on Thursday, according to the website GasBuddy.com. The Richmond refinery produces 16 percent of the region's daily gasoline supply. The fire knocked o ut a unit that makes a specialized blend of cleaner burning gasoline that satisfies air quality laws in California, Oregon and Washington.With the refinery's output in question for what could be weeks, analysts say prices could reach $4 a gallon as soon as Friday!

1 comment:

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