Filling up your tank in Calabasas is a costly expense right now.
The website losangelesgasprices.com is reporting that the Low-P on Calabasas Road is selling the highest premium gas in all of Los Angeles County, according to a report in L.A. Weekly.
Reported in the last 24 hours, the station is charging nearly $6 ($5.89 to be exact) a gallon for high-octane fuel, said the newspaper.
Even as pump prices had been falling in the rest of the country recently, Los Angeles is experiencing a surge as a result of refinery issues, the Weekly said.
The AAA of Southern California said we have seen the largest one-day price spike -- 9 cents -- all year and blames "a 'perfect storm' of record low inventory coupled with refinery incidents," said the report.
According to the Weekly, those incidents include a power outage at Exxon's 150,000-barrel-a-day refinery and Torrance that has shut down some of its output and the shutdown of a Chevron pipeline that moves crude from the Central Valley to Northern California.
Additionally, Chevron's Richmond plant in the Bay Area has been going at less than full-speed since early August, said the report.
Denton Cinquegrana, executive editor at the Oil Price Information Service told the Weekly that this week's heat wave "played a huge role -- knocked out Exxon in Torrance this week."
He also told the newspaper that the ConocoPhillips refinery in Wilmington had an untimely outage for maintenance in mid-September, which hasn't helped.
In addition, AAA spokesman Jeffrey Spring said in a statement that refineries were also letting their supplies run out in anticipation of the annual switch from summer blends to winter blends, according to Weekly.
Cinquegrana told the Weekly that things will get worse before they get better and said that some suppliers of unbranded gas have told stations "we're out until further notice."
And to find the cheapest gas in Calabasas, click on our commute link.