Soaring gas prices across California have forced some station owners to shut off their pumps while people change their driving habits or, in some cases, avoid driving all together.
A gallon of regular gas was $5.69 Thursday in Calabasas, while a gallon of super costs $5.89 with cash and $5.99 with credit. Such prices are causing pain at the pump for many drivers who might see an 11-cent increase by later this morning, which means some could be paying more than $6 a gallon.
The high price of gas is simply not worth it for some mostly independent gas station owners who'd rather stop selling gas and ride out the prices that cut too deeply into their profit margins.
Apparently I'm losing my touch for simple economics. I can;t figure this one out.
Why shutdown in the short run?