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|October 17, 2018|
Drop in gasoline prices predicted
SOUTHLAND – (INT) – Motorists are coping with the highest gasoline prices in three years.
A spike related to local refinery problems has sent the statewide average to $3.81 a gallon for 87 octane regular.
In Riverside, the average per-gallon price is $3.80 is 25 cents higher than last month and 79 cents more than at this time last year.
Contributing to the price rise were three refineries in Washington state that reported unit shutdowns due to a natural gas pipeline rupture that affected their gasoline production. There was speculation that this could cause additional local price hikes if California’s refineries need to ship gasoline supplies to Washington to make up any shortfall. But, the Automobile Club said it appears at least some of the natural gas supply powering the Washington refineries will be restored.
The latest California Energy Commission fuels report showed an increase in gasoline inventories and refinery production, which should help prices at the pump, the club said.
Story Date: October 11, 2018