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Analyst Says Gas Prices Up With No Relief In Sight



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(Sacramento, CA)
Monday, August 13, 2012

Prices are up nearly 42 cents above what they were a month ago according to gasbuddy.com. 

Greg Laskoski says the Richmond Chevron refinery fire hurts California more than other states because California has higher emission standards for its fuel, "It's not like the state can go to Nevada or Arizona and say, 'Can you help you know replenish what we need, help make up the difference?' because those states do not produce fuel to meet the California standards.So, California is really an island unto itself"

Laskoski says prices should drop after the travel season ends Labor Day and then again in October when the state switches over to the cheaper winter mix of gasoline, "The big question really is whether the other refineries in the state are able to ramp up their production to help make up some of that difference at least in the short term."

The refinery is continuing to produce fuel but at a reduced capacity.

Gasbuddy-dot-com estimates the refinery could return to full service in six months.

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