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Calabasas Currently Has Highest Gas Rate in Los Angeles

Calabasas' Low-P is ranked as the highest premium gas at nearly $6 a gallon, according to losangelesgasprices.com.

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."

Click here to read the full story.

And to find the cheapest gas in Calabasas, click on our commute link.

Jean October 05, 2012 at 04:06 AM
Why don't you ask Mr. Low-P what the heck is up with his stations prices. This guy has continually had the highest prices around since he was Exxon and then Mobil and then Low-P, and he always makes some excuse that it is the suppliers prices. Well who the heck is the supplier for Low-P? I really don't think this guy wants to have a successful gas station. Maybe he makes all of his money on the overly high prices he charges for various sundries, or maybe it is his Blimpie Subs. He certainly can't be making money on fuel. Only a fool would buy gas from this station.
Steven Ruby October 05, 2012 at 01:59 PM
Low P ALWAAYS has the hightest gas prices in the area, but yesterday I noticed that they really crossed the line. They were over $1 more then the Chevron on the other side of the freeway....only about 1 block away. This is one local business that i refuse to support.
Steven Ruby October 05, 2012 at 02:00 PM
Low P ALWAAYS has the hightest gas prices in the area, but yesterday I noticed that they really crossed the line. They were over $1 more then the Chevron on the other side of the freeway....only about 1 block away. This is one local business that i refuse to support.
Karen October 05, 2012 at 05:00 PM
I see cars filling up at Low-P, which I assume are people from the 101 freeway that don't know any better, and don't look at the prices. I live in Calabasas, and I refuse to be price gouged by these owners who have ALWAYS spiked their prices.
Earl Richards October 06, 2012 at 01:53 PM
It's an Enron-style, rip-off by the oil corporations - Shell, Tesoro, ExxonMobil, BP, Valero, Chevron and Occidental. Google the "$2.5 Trillion Oil Scam - slideshare" and google the "Global Oil Scam." Purchase electric cars and solar panels. There are 3.5 billion barrels of oil in the ground in California, so the price of gasoline should be the same as in Saudi Arabia, about 50 cents a gallon.
Rick Petitfils October 06, 2012 at 04:24 PM
Although the oil companies may be gouging a little bit, the independants have to buy from the spot market. The real blame is on our loony socialist political leaders. We have not had a refinery built in over 30 years in Cal. Thats why all the problems with refineries breaking down. The local gas guy will be running out of gas soon so he won't be stuck with high gas when the market goes down. Also especially in Calabasas people buy the awful foreign cars BMW, Mercedes, Lexus, that get horrible gas mileage. Buy small and buy American they are better built in the last 5 years and will keep the money in America.
Rick Petitfils October 06, 2012 at 04:27 PM
Their is plenty of competition just don't go there, there is a 76 right across the street. If the price is the issue buy a smalller car. You have plenty of choices just don't blame the oil companies look at your life style.
Carol Elliott October 06, 2012 at 08:52 PM
The Low-P gas price made the national news today. The station has always been a rip off. Locals avoid it but people passing by on the freeway dont even see the prices. Many people wonder what the real deal is with this station. Of course the policies of the state government contribute to the high prices too. Voters have themselves to blame because they keep voting in the same old retreads.
Rick Petitfils October 07, 2012 at 03:42 PM
I guess the heat of all the newspeople on Friday and the L.A. Times coverage of his 5.69 gas prices had an effect .As of yesterday he dropped his price to 4.99 a gallon. He will be losing thousands of dollars for the next week or so and then close his pumps until the market price of oil goes down. The heat of the press and if people pull back on unnecessary driving will have a big effect on prices coming down quicker. Supplies will increase and then the prices will come down. Reuters thinks by next week prices should be where they were a couple weeks ago.

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