San Francisco Storm Mayhem Pushing Gasoline Prices to Record
- Two area refineries experience disruptions in wake of storms
- Bay Area-gasoline hovering just under record high set in 2012
Photographer: David Paul Morris/Bloomberg
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San Francisco gasoline prices at the pump may hit a fresh record high after two area refineries experienced mechanical disruptions following historic downpours.
Physical gasoline prices jumped 12.5 cents Monday to the strongest premium over Nymex gasoline futures since mid-August. Retail prices in the city were averaging $4.727 a gallon Monday, just a penny short of their record high set in 2012, according to AAA data. Prices at the pump typically trail movements in the physical market.