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May 16, 2000

* The average price of self-serve regular gasoline in California fell to $1.633 a gallon, down 2.5 cents from the week before, while the U.S. average rose 3.7 cents to $1.492 a gallon, the Energy Information Administration said.

* Exxon Mobil Corp. of Irving, Texas, completed the sale of its oil refinery in Benicia, Calif., and a distribution chain of 260 dealer-operated Exxon gasoline stations in California to San Antonio-based Valero Energy Corp. for $895 million, plus about $120 million for inventory and working capital.

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