October 22, 2012 |
The decline in California gasoline prices has accelerated in recent days, fuel surveys show, but hardly amounts to the relief from record fuel costs that most motorists would like to see. The state average reached $4.432 for a gallon of self-serve regular gasoline, the Energy Department said Monday. That was a decline of 19.1 cents in one week, according to the agency's survey of service stations. The week before, the average slipped less than 4 cents a gallon after reaching a record $4.659.
October 10, 2012 |
For the fourth day in the row, California broke the state's record on gasoline prices, according to the AAA Fuel Gauge Report. The only good news, analysts said, was that the rise continued to lose momentum Tuesday. According to the AAA, the average price of a gallon of regular gasoline in California reached $4.671. That was an increase of just 0.3 cent overnight. The AAA price averages use-sales receipts collected daily from more than 100,000 retail outlets. "It's not over yet," said fuel price specialist Bob van der Valk about the unusual surge that left gasoline prices 48.9 cents higher than they were a week ago. California had the highest prices for gas in the nation, by far. Second place went to Hawaii, whose average for a gallon of regular was 26.4 cents less.
October 8, 2012 |
Analysts said that the record-breaking climb of California gasoline prices could end as early as today, if the state manages to avoid any new refinery problems. Analysts said the price jump was already slowing down even as Gov. Jerry Brown decided Sunday to ease the state's gas-blend requirements to allow refiners to process the less expensive winter blend of fuel three weeks early. Today, the average price of a gallon of regular gasoline in California is up just 1.3 cents overnight, to $4.668 a gallon, according to the AAA Fuel Gauge Report.
September 10, 2012 |
Nationwide fuel prices are continuing to tick up slightly, rising to $3.828 Monday from $3.827 a week ago for a tank of regular gas. A month ago, the average price for a gallon of regular gasoline was $3.685; a year ago the price was $3.66, according to the AAA Fuel Gauge. The measure draws data from credit-card receipts from more than 100,000 U.S. retail outlets. In California, drivers are still spending more than $4 a gallon. Statewide, a gallon of regular cost $4.167, up from $4.164 a week ago and $4.044 a month earlier.
August 17, 2012 |
The rapid rise in gasoline prices, sparked by a refinery fire last week, has slowed and may have peaked, according to the Automobile Club of Southern California. Since the fire at Chevron Corp.'s Richmond Refinery in the Bay Area on Aug. 6, the average retail price of a gallon of regular gasoline in California has shot up 25.8 cents. At one point, it jumped 5 cents overnight. Although part of the refinery damaged by the fire is still shut down, the rise in prices has cooled. "Southern California gas prices have actually only risen by about 2 cents since Sunday, and most of the week-to-week increase occurred last Friday and Saturday," Auto Club spokesman Jeffrey Spring said.
August 16, 2012 |
With gas prices on the rise for a month and likely to make 2012 the most expensive year on record at the pump, why hasn't Mitt Romney resumed his drubbing of President Obama on this inescapable pocketbook pain? The Republican presidential candidate will doubtless slam Obama for high gas prices, as he did last spring . But it's not an entirely clean hit for Romney, who wrote a book that described how higher energy prices could create some desirable outcomes - like greater conservation.
August 7, 2012
The fire at Chevron Corp.'s Richmond oil refinery is having an immediate impact on spot prices for the state's expensive blend of unfinished gasoline, sending them higher by as much as 30 cents a gallon over what it cost a day earlier, according to fuel price experts. A similar rise in retail prices should follow quickly, the experts said, but for how long was unclear. About the only good news was the fact that just a few minor injuries were reported, in spite of what appeared to be an intense blaze that was visible for miles.
July 23, 2012 |
Fuel surcharges - those fees that airlines say they add to ticket prices to compensate for higher fuel costs - have increased twice as fast as fuel prices in the last year, according to a new study. What's more, most airlines have not reduced fuel surcharges since 2009, despite drops in fuel prices over that time, according to the study by corporate travel management company Carson Wagonlit Travel. Fuel surcharges can represent an increase of as much as 50% on ticket prices, depending on the airline and the destination.
July 17, 2012 |
Retail gasoline prices in California rose for the first time in nine weeks, according to the Energy Department's weekly fuel price survey. The national average also rose modestly over the last week. In California, the average cost of a gallon of regular gasoline was $3.753 on Monday, up 0.2 cents since July 9. California prices were 4.7 cents a gallon below what they were a year earlier. The national average rose 1.6 cents to $3.427 a gallon, the Energy Department said. That's 25.5 cents below the average a year earlier.
July 9, 2012 |
Average retail gasoline prices continue to fall in California, but the national average for a gallon of regular fuel rose for the first time in several weeks, according to the AAA Fuel Gauge Report. The average price of a gallon of regular gas in California is $3.708, the AAA said, down 4.1 cents since last Monday. That's a decline of 43.4 cents a gallon over the past month. Here's why it might not feel like much relief: the current average is just 6.3 cents a gallon lower than it was at this time last year.