Nightly News | August 08, 2012
LA hit hard by gas prices
A refinery fire in California has damaged one of the nation’s biggest supply points, forcing a dramatic jump at the pump. And prices are skyrocketing elsewhere as well, due to a ruptured pipeline running from Wisconsin to Chicago. NBC’s Kristen Dahlgren reports.
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This content comes from Closed Captioning that was broadcast along with this program.
>>> after a welcomed price plato for 2012 , the bad news is gas prices are on the rise. a fire at a big refinery in california is about to make things worse. our report from nbc's kristen dahlgren.
>> reporter: in richmond, california , this week flames shot out of the refinery damaging one of the nation's biggest supply points and forcing a dramatic bump at the jump.
>> today $29 but we only put seven gallons in. so ouch.
>> reporter: wholesale prices in california skyrocketed, up $0.24 in a day. prices at gas stations aren't far behind.
>> a vacation.
>> today is probably better to buy gasoline than tomorrow.
>> the major impact on consumers is going to be they are going to have to adjust their spending in other ways to make up for this.
>> am i going to drive?
>> reporter: while the national average is $3.65, in california prices are at $3.87. connecticut is seeing $3.90. illinois tops the nation at $4.04, in large part due to a ruptured pipeline from wisconsin to chicago last month.
>> every year there's new surprises with gasoline prices . it seems like there's always some other curveball that happens.
>> reporter: the curveball, brian, that could put a damper on a lot of summer fun for drivers in los angeles . you can see the prices already $4.05. analysts say it could go up another $0.25 or more by labor day .
>> kristen dahlgren in l.a. tonight.