- Posted October 5, 2012 by
Imperial Beach, California
This iReport is part of an assignment:
Surging gas prices
Gas Prices Skyrocket in California
4 days ago the gas price at this gas station in Imperial Beach was $3.99. Today, The price is $4.49 and will continue to rise due to gas shortage.
"Reportedly in recent weeks, local refineries were dropping production levels, exporting supply to Mexico and other countries, and allowing inventory to dwindle in anticipation of switching over to production of winter blend gasoline, then a refinery power outage and a pipeline incident occurred on Monday that sent wholesale markets into a panic about the adequacy of California fuel supplies," said Jeffrey Spring of the Automobile Club of Southern California.
Spring said "it's not clear" how much higher prices will go.
"A lot depends on whether the perceived supply issues are quickly addressed," he said.