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Refinery Disruptions

All articles tagged with #refinery disruptions

economy2 years ago•3 min saved

California Gasoline Prices Soar, Relief May Be on the Horizon

Gasoline prices in California have surged, with the average price reaching $6.08 per gallon, up 15% in the past month. The high prices are due to a combination of increased crude oil costs and refinery disruptions, which have limited supply. California's strict regulations on gasoline blends for air quality have also contributed to the price increase. However, Governor Gavin Newsom has issued an order allowing refineries to produce a cheaper winter-blend of gasoline earlier than usual, which is expected to increase supply and lower prices by about 50 cents per gallon by the end of October.

via KFSN-TV|

#california #crude-oil #economy

business2 years ago•1 min saved

Fluctuating Gas Prices: Las Vegas, Oregon, and Springfield Experience Changes

Gasoline prices in Las Vegas remain above $4 per gallon, with only one station selling gas below that mark. The average price in Las Vegas is $4.54 per gallon, which is 11 cents higher than last week. ARCO stations are offering prices as low as $4.09, but they charge a transaction fee for non-cash payments. Refinery disruptions on the West Coast have contributed to the higher prices, with prices rising by over 10 cents per gallon in some states. GasBuddy hopes that fall will bring falling gas prices.

via KLAS - 8 News Now|

#arco #business #gasbuddy

energy2 years ago•2 min saved

Consumers Hit by Soaring Diesel Prices as Inflation Concerns Grow

Diesel prices in the US have reached their highest levels since March, posing a hidden tax on consumers and stoking inflation concerns. Recent refinery disruptions, including a fire at Marathon's Garyville refinery, have contributed to the upward pressure on diesel prices. Experts predict that diesel prices could continue to rise, potentially posing challenges for retailers stocking up for the holiday season. Gas prices have also hit a 2023 high, adding to inflation worries. Factors such as tighter output levels from OPEC+ and voluntary cuts from Saudi Arabia have contributed to elevated crude prices. However, seasonality in gasoline demand and the potential impact of Hurricane Idalia on tanker movements could help keep a lid on prices in the near term.

via Yahoo Finance|

#diesel-prices #energy #gas-prices