Gas Prices Soar

The refinery fire in Northern California has already sent gas prices soaring and they could continue to rise over the next few days, by 25 cents or more, and will likely stick around until at least Labor Day.

A large fire at the Chevron refinery in the San Francisco Bay Area has caused a shortage of hundreds of thousands of barrels of oil and sending prices all across the West coast shooting up almost overnight. According to AAA, by Thursday morning the average for regular gasoline in California is $3.92; that’s up 5 cents since Wednesday.

In Oregon, Thurday’s average was $3.73, up 4 cents since Wednesday. For the Medford-Ashland area, Thursday’s average is $3.82, a 7 cent increase overnight.