The explosion at the ExxonMobil refinery is only partly to blame for a surge in gasoline prices that even stunned one gas station operator Thursday. Frank Scotto, Torrance’s former mayor, said he was forced to pass along a 24-cent overnight increase in The pain at the pump is roaring back weeks earlier than experts predicted. California gas prices hit an average of $3.03 a gallon Wednesday, the first time they've exceeded $3 since Christmas. And while the current level is still far below the $3.80 price In Photo: This aerial file photo shows the Oseberg oil platform in the Norwegian sea. After a decade of an oil and gas boom, plunging energy prices are shaking the Norwegians out of a Utopian reverie that guaranteed workers lengthy summer vacations U.S. average price for a gallon of gas is up 10 cents in a week and is expected to keep climbing. The average price of a gallon of self-serve regular gasoline in Los Angeles County rose for the 29th consecutive day, increasing 7.7 cents to $3.473, its highest amount since Oct. 23. The average price has increased 98.4 cents during the streak, including Gas prices are soaring in Marin and throughout California in a classic example of supply and demand, after an explosion stopped gasoline production at an Exxon Mobil refinery while another in the East Bay remains offline due to labor unrest. Average retail .
(click to enlarge) The recent cold, and forecasts going forward, indicate that natural gas should continue to have large draws, providing some support to the price that has slid from around $3.05 early in the week to a low around $2.68. Levels in storage The love affair with those lower gas prices appears to be over. In late January, some gas outlets in Fayetteville and the surrounding area were flirting with the $2-a-gallon mark. But the price drop ended, and the cost of unleaded gasoline started to The Index of Industrial production (IIP) suggests that industrial sector is recovering slowly with a 2.1 per cent in April - December 2014-15 over the 0.1 per cent in the same period last year. The Economic Survey presented by the Finance Minister Arun LOS ANGELES (CBSLA.com) — The average price of a gallon of self-serve regular gasoline in Los Angeles County jumped 12.1 cents to $3.396, the largest daily increase since Oct. 6, 2012 and the highest amount since Oct. 28 of last year. The price of gas .
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