GAS: Feinstein wants scrutiny of state’s high prices

Weeks after a Bay Area refinery fire boosted state fuel prices, the numbers are still creeping up.Feinstein doesn’t believe the 35-cent jump in the wake of the fire is reasonable and is asking the Federal Trade Commission to investigate.In a letter sent Tuesday, Aug. 28, Feinstein, D-Calif., notes that fuel production at California refineries increased in the week after a fire partially sidelined Chevron’s Richmond operation, yet prices kept increasing.“Production of California-grade gasoline jumped 12.4 percent, nearing 6.8 million barrels for the week after the fire, according to the California Energy Commission, as other refineries saw an opportunity to increase sales,” Feinstein wrote in a letter to trade commission Chairman Jon Leibowitz. “The Richmond fire, therefore, never led to a shortage.”

via GAS: Feinstein wants scrutiny of state’s high prices | Breaking News | PE.com – Press-Enterprise.

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