Analysts said the current surge is being driven by a stew of factors, all of them coming on the heels of unusually low gas prices seen in the last quarter of 2014 and in January this year. Prices are being pushed upward by soaring wholesale gasoline costs, which in turn prompt higher retail costs at service stations; in-state refineries switching over to pricier spring/summer gas blends; and the United Steelworkers union strike idling workers at Tesoro’s California facilities in Carson and Martinez.
View Article