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Stock impact report

Gas prices surge in Bay Area as Trump administration orders restart of offshore drilling [CBS News]

Sable Offshore Corp. (SOC) 
Company Research Source: CBS News
According to AAA, the average price for regular unleaded gasoline in San Francisco was $5.66 a gallon as of Saturday. Prices were slightly higher in San Rafael and Marin County at $5.67, while San Jose averaged $5.49 and Oakland $5.53. The AAA numbers showed Bay Area drivers were paying roughly $.80 more a gallon for gas since the war began. At a Shell gas station on Bryant Street in San Francisco, prices started at $6.60 a gallon — among the highest in the region. Drivers filling up there said they had little choice but to pay. "I think that's the highest that I've seen in a while," said Cruz Flores, who stopped for what he described as an emergency fill-up on his way to work. Flores said the rising cost of fuel is straining his budget. "If I knew that I was getting gas for this much, I probably would have taken BART today," he said. Others said they would keep driving — at least for now. "At $10 [a gallon], I won't be driving," said San Francisco driver David Peterson Show less Read more
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