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Gas

How to Save Money on Gas When Prices are High

in Community

The all-time high gas prices in California are just a reflection of the staggering increase in nationwide gas prices. In the last few weeks, the national diesel average hit an all-time high of over $4 with the price of gas closing in on $5 per gallon in some states. But why are gas prices going back up? Few factors are contributing to the fast and furious increase in the price of gas, but the main reasons are Russia’s invasion of Ukraine and the rising inflation.

As the average price of gas continues to increase, business energy prices are also expected to soar.

How to Save Money on Gas: 21 Simple Ideas

Some oil experts are predicting that gas prices could stay elevated for months, so finding ways to reduce gasoline costs is of utmost importance. Here are a few ideas to reduce gas costs

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Have gas prices hit their peak? What experts say as prices trend downward

in Around California

FRESNO, Calif. (KFSN) -- Good news for those hitting the road for spring break--gas prices have fallen in the last week.

The national average price is $4.10. According to GasBuddy, gas prices in the Fresno area have dropped to an average of $5.47 a gallon.

Those prices in Fresno are almost three cents lower than just a month ago but still higher than what we saw a year ago.

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California sees meager drop in gas prices this week

in Around California

(STACKER) — The average U.S. gas price as of Monday tumbled six cents from last week, following President Joe Biden’s release of 1 million barrels of oil per day for the next six months from the country’s Strategic Petroleum Reserve.

While a six-cent-savings at the pump might feel like a major win, it’s not exactly $2.3 billion back in your pocket. Skyrocketing oil prices over the last month have greatly benefited oil companies, with ExxonMobil announcing Monday that the company will post a massive profit increase in the first quarter of 2022: up to $2.3 billion on oil alone.

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Californians could soon get $400 gas rebate

in Around California

SACRAMENTO, Calif. (KTXL) — State lawmakers are expected to announce a $400 gas rebate proposal Thursday for every California taxpayer.

Sacramentans who spoke with Nexstar’s FOX40 about the proposed rebate said the money would be nice, but the duration of high gas prices is still a big concern.

Continue Reading on WFLA News Channel 8

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California gas prices reach record high

in Around California

FRESNO, Calif. (KFSN) -- California gas prices hit a record high of $4.72 a gallon on average this week.

Experts say a whopping five dollars a gallon will likely be the norm in a matter of months.

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Gas prices soar in Turlock, statewide

in News

California gas prices reached a record high this week, leaving local drivers feeling penny pinched at the pump. 

The cost of fuel in Turlock ranged from $4.37 to $4.85 per gallon as of Friday, the same day that AAA’s gas price monitor reported an average price of $4.70 per gallon statewide. The average represents yet another new record high for gas prices in California, up five cents from a week ago, almost 20 cents from a month ago and $1.53 cents more than this time last year. 

California’s average gas price is almost $1.30 more than the national average of $3.41 per gallon, and the average price in Stanislaus County is $4.61 per gallon. 

Continue Reading on Turlock Journal

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California gas prices second highest in country

in Economy

While a third of the country’s states saw gas prices decrease over the past weeks, California is one of only 10 that posted increases at the pump.

Hawaii ($3.21) and California ($3.14) remain the most expensive markets in the country, according to AAA gasoline analysts. Washington ($2.79), Oregon ($2.66), Nevada ($2.64), Alaska ($2.52) and Arizona ($2.35) follow.

“During the last month, demand has averaged about 8.6 million b/d while, gasoline stocks have steadily declined,” said Jeanette Casselano, AAA spokesperson. “Week by week, we are seeing mostly regional fluctuation at the pump based on gasoline supply and demand.”

At 8.6 million b/d, the Energy Information Administration (EIA) measures demand at a 1% decrease week-over-week, 9% increase month-over-month and a 6% decrease year-over-year. Meanwhile, gasoline stocks measure at a 1% weekly decline, a 3% decrease month-over-month, but a 7% increase compared to last year.

Continue Reading on Turlock Journal

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San Diego County gas prices rise slightly

in Around California/business

SAN DIEGO — The average price of a gallon of self-serve regular gasoline in San Diego County rose four-tenths of a cent Monday to $3.561, one day after falling three-tenths of a cent.

The average price is four-tenths of a cent less than one week ago and 2 cents lower than one month ago, but 26.9 cents more than one year ago, according to figures from the AAA and Oil Price Information Service.

“Southern California gasoline average prices continue to be the most expensive in the country, and recent declines in oil prices worldwide have not yet made much of an impact locally,” said Jeffrey Spring, the Automobile Club of Southern California’s corporate communications manager.

Continue Reading on Fox 5

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Riverside County Gas Prices Dropping

in Economy

The average price of a gallon of self-serve regular gasoline in Riverside County dropped four-tenths of a cent Sunday to $3.506.

The average price is 2.4 cents lower than one week ago and 25.6 cents lower than one month ago, but 23.1 cents higher than one year ago, according to figures from the AAA and the Oil Price Information Service.

It dropped 50.7 cents during a 51-day streak of falling prices that ended on Christmas Day, which brought the average price to its lowest amount
since Aug. 30.

Continue Reading on NBC Los Angeles

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SoCal gas prices rise sharply as U.S. prices fall; California refinery issues continue

in Local Roundup

SAN DIEGO (KGTV) -- Gas prices in Southern California continue to rise sharply as prices throughout the rest of the U.S. continue to fall.

According to GasBuddy, the national average is down two cents, currently costing $2.65 per gallon.

In California, the average as of Sunday is $3.98 per gallon and could hit $4 by late Sunday or Monday, GasBuddy says.

In San Diego County, the average price per gallon has increased by more than 40 cents over the last 13 days, AAA reports.

Continue Reading on ABC 10 news

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