Gasoline and Diesel Fuel Update Supply disruptions in the tightly balanced and relatively isolated California gasoline market have increased wholesale and retail gasoline prices over the past several weeks. This comes after markets had adjusted to compensate for lost production following the February explosion and fire at ExxonMobil’s refinery in Torrance, California . Average retail prices for regular gasoline in California as a whole, and in Los Angeles specifically, have increased by 57¢ per gallon (¢/gal), and 63¢/gal, respectively, in the past three weeks, while U.S. average retail gasoline prices have increased by 20¢/gal. The costs of adjusting supply sources, along with planned and unplanned refinery outages and delayed resupply, have contributed to the gasoline price increases. The spot price in Los Angeles for CARBOB (California Reformulated Blendstock for Oxygenate Blending) […]