Business & Tech
Unplanned Flaring At SoCal Oil Refineries: RivCo Gas Prices
The incidents at two SoCal refineries could be preventing gas prices from dropping during a time of year when price often declines.
RIVERSIDE COUNTY, CA — The average price of a gallon of self-serve regular gasoline in Riverside County dropped three-tenths of a cent Friday to $3.494, one day after rising one-tenth of a cent.
The average price is three-tenths of a cent less than one week ago and 2.8 cents lower than one month ago but 30.5 cents higher than one year ago, according to figures from the AAA and Oil Price Information Service.
"The Oil Price Information Service reported this week that there were two unplanned flaring incidents at the Phillips 66 refinery in Los Angeles and the PBF refinery in Torrance, which could be preventing prices from dropping during a time of year when we often see price declines," said Jeffrey Spring, the Automobile Club of Southern California's corporate communications manager.
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Unplanned flaring is an indication of a breakdown in the refinery. It is a procedure that allows equipment to be safely taken offline, according to Marie Montgomery, a public relations specialist with the Automobile Club of Southern California.
