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Oil supplies are abundant. America’s refiners are running the hardest in 10 years. So why isn’t the country awash in gasoline?

Refiners are poised to make gasoline at a record pace this year, keeping the biggest U.S. crude glut in more than 80 years from overflowing storage.

Wholesale gasoline in Los Angeles surged to the highest level in more than a year after an explosion at an Exxon Mobil Corp. oil refinery in Southern California.

Just when the U.S. was pennies away from reaching $2 a gallon at the pump, prices rebounded.

The average price of regular gasoline at U.S. pumps dropped 13.3 cents to $2.069 a gallon, as the plunge may be abating, according to Lundberg Survey Inc.

The average price of regular gasoline at U.S. pumps slid to the lowest level in almost four years, dropping 18.18 cents in the two weeks ended Oct. 24 to $3.076 a gallon, according to Lundberg Survey Inc.

The average for regular gasoline at U.S. pumps fell 3.99 cents in the three weeks ended July 11 to $3.669 a gallon, according to Lundberg Survey Inc.

The average price for regular gasoline at U.S. pumps climbed 1.87 cents in the past two weeks to $3.71 a gallon, according to Lundberg Survey Inc.

The average price for regular gasoline at pumps was little changed in the past three weeks, gaining just 0.35 cent to $3.691 a gallon, according to Lundberg Survey Inc.