L.A. stations run out, close gas pumps

◼ California Refiners Ration Gasoline as Prices Near Record - Bloomberg
◼ Spiking above $5... Gas prices suddenly skyrocket in California. As wholesale gasoline prices set all-time highs, some filling stations run out of fuel and don't buy more. Others stay open and pass along costs to customers. - LA Times

..."If this keeps up, I'll be looking at $5-a-gallon gas by next Thursday," said Ali Mazarei, who owns an Arco station in Riverside County. On Thursday, Mazarei was charging $4.52 for a gallon of regular gasoline, up from $4.27 on Wednesday and $4.21 on Tuesday.

"I really don't have any choice here, and I won't be making money at $4.52 a gallon," he said.

Some fuel stops had already crossed the $5 threshold.

◼ L.A. stations run out, close pumps... - KTLA

◼ $4 gas: Get used to it; $5 coming... - Fortune/CNN Money

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