With fuel prices spiking in southern California, gas stations close up shop. Be sure to keep your tank full, consolidate trips, car pool and use public transit if possible. Avoid unnecessary trips.
Here’s what gas prices in Los Angeles have done over the past month.
That’s an 11 percent spike in the past week. The problem is a massive drop in California’s gasoline supply, particularly in the southern part of the state. Gas stations are literally running out of fuel. And without fuel, they’re closing up shop. From Bloomberg:
Gasoline station owners in the Los Angeles area including Costco Wholesale Corp. are beginning to shut pumps as the state’s oil refiners started rationing supplies and spot prices surged to a record.Valero Energy Corp. stopped selling gasoline on the spot, or wholesale, market in Southern California and is allocating deliveries to customers. Exxon Mobil Corp. is also rationing fuel to U.S. West Coast terminal customers. Costco’s outlet in Simi Valley, 40 miles (64 kilometers) northwest of Los Angeles, ran out of regular gasoline yesterday and was selling premium fuel at the price…
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