Thursday, August 9, 2012

Video: LA hit hard by gas prices



>>> after a welcomed price plato for 2012 , the bad news is gas prices are on the rise. a fire at a big refinery in california is about to make things worse. our report from nbc's kristen dahlgren.

>> reporter: in richmond, california , this week flames shot out of the refinery damaging one of the nation's biggest supply points and forcing a dramatic bump at the jump.

>> today $29 but we only put seven gallons in. so ouch.

>> reporter: wholesale prices in california skyrocketed, up $0.24 in a day. prices at gas stations aren't far behind.

>> a vacation.

>> today is probably better to buy gasoline than tomorrow.

>> the major impact on consumers is going to be they are going to have to adjust their spending in other ways to make up for this.

>> am i going to drive?

>> reporter: while the national average is $3.65, in california prices are at $3.87. connecticut is seeing $3.90. illinois tops the nation at $4.04, in large part due to a ruptured pipeline from wisconsin to chicago last month.

>> every year there's new surprises with gasoline prices . it seems like there's always some other curveball that happens.

>> reporter: the curveball, brian, that could put a damper on a lot of summer fun for drivers in los angeles . you can see the prices already $4.05. analysts say it could go up another $0.25 or more by labor day .

>> kristen dahlgren in l.a. tonight.

Source: http://video.msnbc.msn.com/nightly-news/48580132/

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