Referenced Stocks

California Gasoline Falls From High as Refiners Switch - report

By Midnight Trader,  October 10, 2012, 02:58:55 PM EDT

Gasoline at the pump in California fell from a record as refiners including Valero Energy Corp. ( VLO ) and Phillips 66 ( PSX ) began making a cheaper blend of fuel after receiving permission from the state, Bloomberg reported.

Regular gasoline at the pump slid to $4.666 a gallon today from the all-time peak of $4.671 Oct. 9, according to data from AAA, the nation's largest motoring organization. Prices jumped 50 cents last week as refineries reduced output and Chevron Corp. ( CVX ) shut a pipeline because of contamination.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: CVX, PSX, VLO



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