The California Air Resources Board was reviewing a request from the California Independent Oil Marketers Association for a waiver that would allow gas stations to begin selling winter-blend gasoline before Halloween.
Some stations ran out of gas and shut down rather than take the risk of buying gas at soaring prices only to be stuck with a glut of overpriced fuel if prices dropped or if customers refused to absorb the extra cost that would be passed along to them.
Mark Mitchell, co-owner of the Coast Oil fuel distributorship in San Jose, told the San Francisco Chronicle that none of the gas stations he serves had shut down, although some station owners had discussed it. When spot prices hit their peak, the stations would need to charge about $4.89 to break even, he said.
‘‘We get the gas — it’s just at what price?’’ Mitchell told the newspaper. ‘‘You’re not going to sell much when it goes up 40 cents in a day.’’
Contributing to this report were AP writers Sandy Shore in Denver, Gillian Flaccus in Los Angeles, John Marshall in San Francisco and Gosia Wozniacka in Fresno.