News flash gasoline prices have gone up on the Left Coast. How much, about 50 cents over the past few days there are now some places that are selling it at over $5.00 per gallon. I would not be surprised to see some fights in some of the big lines. In Southern Cal Costco has sold out and does not know when they will be getting in more. I went out and topped off the vehicles at Costco up here and paid 50 cents less than any other gas station. I would imagine that it has gone up today.
So why are the costs going up so much. Well a lot of it is the regulations that they have adopted that are so restrictive that we cannot import gasoline from other states due to the formulation. With all our refineries on line they can keep everyone going. The problem is that there are two that are out of commission and another one that had a temporary power outage. This all puts a huge strain on the system. So they raise prices as the quantity is restricted. It really is a good lesson to all to make sure that you keep vehicles topped off and supplies rotated.
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