California Gas Prices Surge 40 Cents in Just 2 Weeks as Impact of Refinery Closures Weighs

California gas prices surge 40 cents in just 2 weeks as impact of refinery closures weighs

Gas prices have surged in California in recent weeks as the state's supply is constrained due to recent reductions in refining capacity.The price of gas rose 40 cents in about two weeks, with the average price of gas across the state of California at $4.58 a gallon – an increase from $4.46 the prior week and $4.18 two weeks before that, according to data from AAA.Those figures are well above the national average of $2.92 a gallon. California's g…

California’s Gas Prices Jump 40 Cents in Two Weeks as Refinery Shutdowns Tighten the Noose on Drivers

California drivers are waking up to sticker shock at the pump once again. In just 14 days, the statewide average price for a gallon of regular gasoline has climbed 40 cents to $4.58, according to AAA data released this week. That puts the cost in the nation’s most populous state at levels that dwarf the national average of $2.92 and leave every other state in the dust. Two weeks ago the price sat at $4.18. Last week it had already risen to $4.46…

Financial News Network - California gas prices surge 40 cents in just 2 weeks as impact of refinery closures weighs

Refinery closures including Valero's Benicia facility leave California with six operating refineries, driving gas prices to the highest in nation at $4.58 per gallon.Read More …