Friday, September 28, 2018

IT BEGINS: Gas Prices in Southern California are Climbing Toward $4 a Gallon



Gasoline prices are climbing toward $4 a gallon in Southern California, boosted in large part by a rise in worldwide crude oil prices, notes the Los Angeles Times.

The average pump price for regular gas in the Los Angeles-Long Beach area stood at
$3.736 a gallon Thursday, up nearly 60 cents, or 19%, from a year earlier, according to the American Automobile Assn.

Prices for midgrade and premium blends have climbed to $4 or more a gallon at certain stations in the area.


The average regular price for all of California stood at $3.683 a gallon, up 18% from $3.114 a year earlier, the AAA said.

The national average price for regular gas stood at $2.873 a gallon, up 30 cents, or 12%, from a year earlier, the AAA reported.

Gasoline prices in California are higher than the national average because of the state’s unique blend of fuel to accommodate the state’s strict environmental laws, which few refineries outside California are capable of producing. In addition, California’s taxes are higher than those of most other states.

-RW  

3 comments:

  1. My son and I were in the Disneyland area in June 2016 and were amazed at finding gasoline there at $2.50 a gallon. $4 is terrible, no matter where it is.

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  2. What happened to the great fracking revolution that promised an end to $80+ bbl oil forever? You don't hear about that any more.

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    Replies
    1. Seems like when you did hear about it, oil was well over $80.

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