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|August 10, 2020|
Drawdown on gasoline inventory pushes prices higher
SOUTHLAND – (INT) – The latest weekly update on rising gasoline prices reflects a new culprit in the mix.
The Automobile Club of Southern California says although demand is down “A large 1.3 million-barrel drawdown in West Coast inventory over the past week could indicate that some local refinery problems are continuing.”
The California average for a gallon of 87 octane regular is $3.17 compared to $3.12 in the Riverside-San Bernardino area for a 3-cent gain over the previous week.
“Price averages in locations throughout Southern California are very similar right now, with just a nine-cent difference between the lowest and highest average,” said Auto Club spokesman Jeffrey Spring.
Story Date: August 8, 2020