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Gas Prices Rise 40 Cents Per Gallon In One Month

The Chevron accident and other factors have caused prices at the pump to skyrocket in August

Chances are you're paying $4 to $8 more to fill up your car than you did last month.

The California State Automobile Association reports the average price for a gallon of unleaded regular gasoline in the East Bay is now $4.12.

That's 27 cents higher than a week ago and 41 cents higher than a month ago.

On gasbuddy.com, the cheapest price listed for regular unleaded in Pleasant Hill is $4.03 at the Safeway on Contra Costa Boulevard. The cheapest price for the same grade in Martinez is $3.99 at the Valero on the corner of Walnut and Alhambra avenues. 

The average throughout California is $4.10 for a gallon of regular unleaded. Nationally, the average price is $3.70.

CSAA officials say the primary reason for the quick jump in prices was theat the Chevron refinery in Richmond.

“The recent fire at the Chevron refinery in Richmond has created a short-term spike in gas prices across many parts of the Pacific Northwest and Nevada,” said CSAA Northern California spokesperson Cynthia Harris. “It still remains to be seen how long the impact of the fire will be felt. Meanwhile, across the United States, positive economic news has been putting upward pressure on oil prices.”

Do you think prices have jumped too quickly? Let us know in the comments section

Marshall Cochrane August 15, 2012 at 01:21 AM
This is a total rip off. Ask yourself, how much refined product did they have in the pipeline? The predation of pricing and gouging the consumer is for product that has already been refined at a specific cost...Those prices should be passed along to the consumer...Shell, Chevron, BP, they are all a bunch of predatory,unprincipled, greedy, SOB's. State legislators do nothing because they want the tax revenues created by higher prices at the pump...Who in the hell is protecting us?
Linda Meza August 15, 2012 at 01:31 AM
Marshall, I know its easy to believe the oil companies lay in wait for any opportunity but a major refinery was taken off-line. I suspect the twelve people furiously working on repairing the leak might have had that in the back of their minds. Prices fluctuate for a myriad of reasons, and sometimes one of those reasons have a similar function to data throttling. Sometimes refiners raise the price in order to curtail casual consumption and stretch the product further. This is one tactic taken in order to reduce the demand on remaining capacity.

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