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Gas prices have exploded in California, surging 50 cents per gallon in just one week to an all-time high of $4.614.The state’s gas supply has been squeezed by refinery outages as well as EPA requirements that prevent certain blends of gasoline from being sold before November.
However, the LA Times Stuart Pfeifer reports that California governor Jerry Brown is moving to suspend those requirements.
“Gas prices in California have risen to their highest levels ever, with unacceptable cost impacts on consumers and small businesses,” Brown said in a statement.
“I am directing the Air Resources Board to immediately take whatever steps are necessary to allow an early transition to winter-blend gasoline.”
An analyst Pfeifer spoke to said the move could cause gas prices to fall by 10 to 15 cents within days.