California Gasoline Falls From Record as Refiners Switch
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Gasoline at the pump in California fell from a record as refiners including Valero Energy Corp. and Phillips 66 began making a cheaper blend of fuel after receiving permission from the state.
Regular gasoline at the pump slid to $4.666 a gallon today from the all-time peak of $4.671 yesterday, according to data from AAA, the nation’s largest motoring organization. Prices jumped 50 cents last week as refineries reduced output and Chevron Corp. shut a pipeline because of contamination.