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Analysts expect Bay Area gas prices to rise due to U.S.-Israeli intervention in Iran [CBS News]

Chevron Corporation (CVX)  More Company Research Source: CBS News
Last chevron corporation earnings: 5/1 06:45 am Check Earnings Report
US:NYSE Investor Relations: chevron.com/investors
But analysts say that's nothing compared to what may be coming, depending on how long the conflict in Iran lasts. At the Shell station in Alamo, the price had already jumped to $5.49 for a gallon of regular gas. But just across the street at Chevron station, it was $5.09, 40 cents cheaper per gallon, which surprised Christopher Slye. "I read it. It's been in the news, and I was braced to see a 10-cent, 20-cent jump in the premium gas I normally get," he said. "And it hasn't moved." If it hadn't moved yet, it soon will. The state already has the highest gas tax in the nation, adding 70 cents to each gallon purchased. California also mandates a special blend , which is designed to reduce pollution and improve air quality, that no other state produces. At the same time, refineries like Valero in Benicia are closing. Alex Jacquez, Policy Chief with the Groundwork Collaborative think tank in Washington, D.C., said the conflict in Iran couldn't be coming at a worse time. "The clos [Read more]
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Stockreport

Analysts expect Bay Area gas prices to rise due to U.S.-Israeli intervention in Iran [CBS News]

Chevron Corporation  (CVX) 
More Company Research Source: CBS News
Last chevron corporation earnings: 5/1 06:45 am Check Earnings Report
US:NYSE Investor Relations: chevron.com/investors
But analysts say that's nothing compared to what may be coming, depending on how long the conflict in Iran lasts. At the Shell station in Alamo, the price had already jumped to $5.49 for a gallon of regular gas. But just across the street at Chevron station, it was $5.09, 40 cents cheaper per gallon, which surprised Christopher Slye. "I read it. It's been in the news, and I was braced to see a 10-cent, 20-cent jump in the premium gas I normally get," he said. "And it hasn't moved." If it hadn't moved yet, it soon will. The state already has the highest gas tax in the nation, adding 70 cents to each gallon purchased. California also mandates a special blend , which is designed to reduce pollution and improve air quality, that no other state produces. At the same time, refineries like Valero in Benicia are closing. Alex Jacquez, Policy Chief with the Groundwork Collaborative think tank in Washington, D.C., said the conflict in Iran couldn't be coming at a worse time. "The clos [Read more]
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CVX
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