Running out of gas, stations in CA now inching toward $5/gallon prices
Since some gas stations are no longer buying wholesale fuel, the tanks are running dry. USA Today notes that a Costco in Simi Valley started selling premium (which was available) at regular prices (since that fuel was not available). Another station owner told Bloomberg, "I can get gas, but it's going to cost me $4.90 a gallon, and I can't sell it here for $5. ... My market is open, but no gas." He can't sell it for $5 today, but with California prices jumping 20 cents overnight and 40 cents for the week, that could change soon. In fact, a station in Calabasas was selling gas for $5.69 yesterday, along with signs that said: "We are sorry, it is not our fault."
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