Southern California motorists soon will feel the sting of higher gasoline prices — prices that could rise as much as 30 cents a gallon.
A report released Wednesday from the Energy Information Administration details a “perfect storm” that shows the West Coast’s gasoline inventory fell by more than a million barrels last week while fuel imports into the region dropped to zero for the first time since March.
Shortly after Wednesday’s report was released, wholesale prices for Los Angeles CARB-mandated gas spiked. Average retail prices in Southern California could rise 10 cents or more over the next 24 to 48 hours, according to GasBuddy.com. And the fuel-price tracker said prices will likely be 15 to 30 cents more per gallon by next week.
But before you rush out to the nearest pump, GasBuddy is advising motorists that filling up unnecessarily may further boost prices.
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