An article in the upcoming issue of the Business Journal says that Californians have paid nearly $3 billion extra for gasoline since an explosion in February nearly shut down the Exxon Mobil refinery in Torrance, causing prices to jump at the pump. But the plant’s plan to reopen may finally be approved by regulators next week, the Los Angeles Times reports, which could help lower gas prices in a matter of weeks. Exxon Mobil has wanted to temporarily use old air-pollution control equipment so it can increase production but regulators have balked at that proposal for months. In the meantime, the additional cost of gas has taken an average of $75 from every man, woman and child in the state.
12/21/2024