October 6, 2012

CARBOB, Will California Gas Prices be Lower by Monday?

Will California gas prices be lower by Monday?

California gas prices are at their highest levels ever. The reason for the high gas prices, reduced output at refineries.

After going up from Tuesday to Thursday, charts for CARBOB San Francisco and CARBOB Los Angeles show that the market prices for California gasoline plunged on Friday.

Will this lead to lower gas prices at the pump by Monday?

CARBOB San Francisco Chart, source: Bloomberg

Tags: California gas prices lower, CARBOB San Francisco, CARBOB Los Angeles, california gas price at pump