News Summary: Calif. gas prices jump by 20 cents

Associated Press

CALIFORNIA CRUNCH: Californians woke up to a shock Friday as overnight gasoline prices jumped by as much as 20 cents a gallon.

SUPPLIES DRY UP: In many areas, prices have jumped 40 cents in a week as refinery problems have created shortages and helped send wholesale prices soaring. Some stations ran out of gas and shut down.

STILL SOARING: Prices will keep rising, experts say, because in the past week wholesale gasoline prices have jumped $1 a gallon, but average retail prices have increased only 30 cents.

Sorry you didn't like this comment. Please provide a reason below.

Are you sure?
Rating failed. Try again.
Request failed. Try again.
We will promote constructive and witty comments to the top, so everyone sees them!
Sorry, we can’t load comments right now. Try again.

    Recommended for You