California Gasoline Prices Are Rising With Texas Refiners Shut
- Arizona needs supply from west with Gulf Coast flow absent
- Shift signals that $4 gasoline may be ahead along Pacific
A customer at a Chevron Corp. gas station in Los Angeles.
Photographer: Kyle Grillot/BloombergThis article is for subscribers only.
California is beginning to feel the ripples of oil refinery shutdowns in Texas, with gasoline prices rising faster in the Golden State since a deep freeze crippled fuel-making plants on the Gulf Coast.
Though the West Coast has its own oil-refining hub, independent from the Gulf, both regions supply Arizona, which now needs more fuel from California. That’s at a time when at least one major refinery in the Los Angeles area was down for maintenance and another had just restarted last week.