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Stock impact report

Southern California gas prices surge to highest levels since early 2024: See a county-by-county breakdown [Yahoo! Finance]

Phillips 66 (PSX) 
Last phillips 66 earnings: 5/1 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
The Brief Gas prices in Southern California have surged to their highest levels since early 2024, with Los Angeles County reaching a new high of $5.376 per gallon on Wednesday. Regional averages in Orange, Ventura, San Bernardino, and Riverside counties have all surpassed the $5 mark, driven by a combination of global oil market volatility and localized supply constraints. Experts attribute the rapid spike to escalating geopolitical tensions in the Middle East and the anticipated closure of major in-state refineries. LOS ANGELES A relentless surge in gas prices is battering Southern California drivers as local averages hit their highest marks in nearly two years, fueled by a volatile mix of tightening global supplies and a shrinking domestic refining landscape. This rapid escalation, characterized by weeks of consecutive daily increases, has pushed costs at the pump well above the $5 threshold across the region, sparking concerns over sustained inflationary pressure on the Show less Read more
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