SoCal Gas Prices Higher After Irene Batters East Coast
LOS ANGELES (CBS) — Hurricane Irene may be on her way into Canada, but she has left a mess of gas prices here in the Southland.
KNX 1070’s John Brooks reports disruption fears have been pushing crude prices higher since last week.
A precautionary shutdown of East Coast refineries over the hurricane also fueled market anxiety over crude supplies.
With the average price for unleaded at $3.85 per gallon, one local man said he believes the storm is just another excuse to jack up prices.
“I heard that California gas is refined here, so I didn’t really believe that,” he said.
Gas prices went up another 3 cents overnight to an L.A. average of $3.81 per gallon — nearly nine cents higher than a week ago.
The 11th consecutive daily increase pushed the average price 75.4 cents above what it was at this time last
year, according to figures from the AAA and Oil Price Information Service.