Gas Prices Likely to Come Down in the Coachella Valley Soon
Across the state and right here in the Coachella Valley the price of gasoline reached near record levels Friday. Consumers woke up Friday morning to find gas prices had risen 20 cents a gallon in some places. Video by kmir6.comvideo
PALM DESERT--Across the state and right here in the Coachella Valley the price of gasoline reached near record levels Friday. Consumers woke up Friday morning to find gas prices had risen 20 cents a gallon in some places.
We are just 5 cents shy of reaching an all-time statewide record. Right here in the Coachella Valley some stations didn't get shipments of gas they expected and had to shutdown for the day.
At the Costco in Palm Desert the first and only truck delivery of gasoline came around 2p.m. Customers were lined up 10 cars deep. In La Quinta the Costco ran out of gas completely.
"We're at the mercy of them right? Unless you carpool or you walk or you get a bike or you get a horse and buggy," La Quinta resident Sarah Lee said.
Refinery problems across California and the temporary closure of the Alaska Pipeline has sent prices on the West Coast soaring. The statewide average is at $4.56 a gallon for regular unleaded.
In Riverside County the price per gallon went up 18 cents in a single day.
Economist Kevin Cochrane says there is good news on the horizon. The surge in gas prices shouldn't last much longer.
"It's a temporary issue. In a couple of weeks we should see it all bounce back because Phillips will pull that back on-line and hopefully in the next day or two they'll get the pipeline cleared," Cochrane said.
Southern California refinery that suffered a power outage that helped send gas prices soaring is back online.