Lines form at SoCal gas stations with prediction of price hike

Lines formed at Southern California gas stations on Friday, Feb. 26, 2016, after predictions of a price hike on the horizon as distributors switch to summer blends of gasoline.

Predictions of sharply rising gas prices had quite an impact on at least two CostCo outlets in Southern California on Friday.

AIR7 HD captured the scene as lines of cars waited for gas at the CostCo stations in Van Nuys and Burbank.

Drivers waited in long lines while seeking out the lowest prices in town.

On Wednesday, wholesale prices jumped 51 cents a gallon as distributors started buying the more expensive summer blend of gasoline.

MORE: Gas spikes 30 cents overnight in SoCal

According to one estimate, pump prices could soon rise 20 to 35 cents a gallon.
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