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Stock impact report

As gas prices rise, California gets punched harder at the pump than other states [Los Angeles Times (CA)]

Phillips 66 (PSX) 
Last phillips 66 earnings: 5/1 07:00 am Check Earnings Report
Spencer Shearer was filling up his Nissan Sentra on Friday morning at the Chevron station in Brentwood near the intersection of San Vicente and Montana avenues and paying a rate higher than almost anywhere else in the country: $5.55 per gallon. “It sucks,” Shearer said as he watched his bill on the pump click towards $50. With the continued conflict in and around Iran, gas prices are rising. In the Los Angeles area and a few places around the San Francisco Bay, the cost of gas has cracked the $5-per-gallon level and is even tipping towards $6 in a few places. The spreading conflict in the Persian Gulf has had a predictable but unwelcome impact on California drivers. Californians usually pay far more for gas than people in other states. Its pole position on prices is continuing with the latest surge. The average cost of a gallon of regular gas in California is around $4.91, up 26 cents from a week ago and 48 cents from a month ago, according to AAA. The current nationwide av Show less Read more
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