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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

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

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

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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