California Governor Seeks to Ease Gas Crunch

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Bloomberg News - October 7, 2012

With gas prices rising so high (near $5 per gallon) and very little available, California Governor Jerry Brown issued an order over the weekend to ease the situation.

Find out what he did, and how it’s intended to help.

California Governor Jerry Brown told state regulators to immediately allow oil refineries to make an early transition to winter-blend gasoline to help bring record prices at the pump under control.

Winter-blend gasoline typically isn’t sold until after Oct. 31. Regular gasoline in California retailed at an average $4.655 a gallon today, 22 percent higher than the national average, according to AAA, the nation’s largest motoring organization.

Allowing an early transition to winter-blend gasoline may increase California’s fuel supply by 8 percent to 10 percent with only a “negligible” impact on air quality, Brown said.

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