California gas prices shot up $0.17/gallon overnight, prompting some stations to close and...

|By:, SA News Editor

California gas prices shot up $0.17/gallon overnight, prompting some stations to close and others to charge more than $5/gallon. Production disruptions linger at local Chevron (CVX) and Exxon (XOM) refineries; Valero (VLO) stopped spot sales in SoCal, and XOM is rationing to buyers at West Coast terminals. Average gas prices across the state are nearly $4.49/gallon, highest in the U.S.