-
- 17 Aug
California Gas Price Increases Expected to Stop
According to an article in the LA Times, the gasoline price increases caused by the Chevron Richmond refinery fire are likely to stop. A spokesman for the Automobile Club of Southern California was quoted as saying “It appears that wholesale gasoline buyers feel that for now, they have captured most of the cost increase that will result from the fire.”
From a fuel price optimization strategy standpoint, the gasoline pricing strategy needs to take into consideration the consumer expectation that gasoline prices are not likely to keep increasing. Fuel price optimization software needs to be able to annotate the historical event of the Chevron Richmond refinery fire, to allow the specific dates of the fire and the market impact to be easily recalled next year.
Comments are closed.
