April 24, 2012 |
Gasoline prices fell again around the nation, the Energy Department's weekly survey showed, with the U.S. average dropping below the year-earlier price for the first time in 2 1/2 years. Analysts called it a milestone, even though it probably didn't feel like much relief to motorists. The national average fell 5.2 cents to $3.87 a gallon, the Energy Department said. The average was nearly a penny below the price a year earlier, the first time that has happened since October 2009.
November 24, 2009 |
Motorists might not be paying as little as they would like to for a gallon of gasoline, but at least prices probably will remain stable in California and across the nation during the Thanksgiving holiday weekend, a government report released Monday indicated. The Energy Department's weekly survey of filling stations showed little change at the pumps over the last week. The average price of a gallon of regular gasoline in California dropped 2.1 cents to $2.94, a decline of nearly 7% since reaching the state's high this year of $3.153 a gallon Sept.
February 14, 2012 |
U.S. motorists have seen the national average for regular gasoline rise above $3.50 a gallon in just three different years, but it has never happened this early. The national average hit $3.523 a gallon, the Energy Department said Monday, up 4.1 cents from a week earlier. Analysts said the early price shocker is probably a sign that pain at the pump will rise to some of the highest levels ever this year. "This definitely sets the stage, potentially, for much higher prices later this year," said Brian L. Milne, refined-fuels editor for Telvent DTN, a commodity information services firm.
June 15, 2012 |
Southern California drivers got another double-digit drop in gasoline prices in the last week that has left regional averages near $4 a gallon, with some stations offering considerably lower prices, according to the Automobile Club of Southern California. "This is the first time since the financial meltdown of 2008 that Southern California has experienced two consecutive weeks of double-digit gas price declines in most areas," Auto Club spokesman Jeffrey Spring said. "Prices have returned to levels not seen since mid-February because of the rapid drop in wholesale prices starting late last month," Spring said.
June 26, 2012 |
Gasoline prices continued their free-fall in California this week, with average prices dropping well below $4 a gallon, a government survey showed. Californians saw the average price of self-serve regular gasoline fall to $3.887 a gallon, down 14.2 cents from a week earlier, the Energy Department said Monday. California's prices are still higher than this time last year, when the state's average price was $3.839. Nationally prices fell in all regions, bringing the U.S. average to $3.437, down 9.6 cents, according to the Energy Department's weekly survey of service stations.
January 18, 2012 |
Gasoline prices rose in most of the U.S. during the last week and are higher than they were a year earlier, according to a federal survey released Tuesday. But the fuel bite out of the collective American wallet may not be any worse than it was a year earlier because consumption is down. The U.S. average price of self-serve regular gasoline Monday was $3.391 a gallon, up nearly a penny from a week earlier and 28.7 cents higher than a year earlier, the Energy Department said in a report delayed a day by the Martin Luther King Jr. holiday.
October 5, 2012 |
Skyrocketing gasoline prices caused some local service stations to shut off their pumps Thursday while others shocked customers with overnight price increases of 30 cents or more. California's fuel industry isn't running out of gasoline - supplies are only 2.5% lower than this time last year - but recent refinery and pipeline mishaps sent wholesale prices to all-time highs this week. As a result, some station owners weren't buying fuel for fear they couldn't sell it. Those who did buy simply kicked prices higher and bet customers would understand.
January 1, 2013 |
Record gasoline prices in 2012 and calls for investigation of California's fuel markets have brought into focus a persistent peculiarity of the state's service station world: the wild swings in price any brand has from one location to the next. Known in the industry as zone pricing, the controversial practice was apparent one afternoon when Culver City resident Michael Denis, on a jaunt to downtown Los Angeles, stopped at a Chevron station to feed his Fiat 500 some gasoline at $4.69 a gallon.
October 22, 2012 |
For nearly two decades, Santosh Arya has pumped some of the San Diego area's cheapest gas at his three Homeland Petroleum stations. But his streak ended early this month, when wholesale prices started rising sharply, then shot up 40 cents a gallon overnight. To break even, Arya calculated he would have to sell a gallon of regular at $5.10 -- almost a buck higher than at nearby Shell and 76 stations. Instead, he shut down and waited for prices to drop. "I've never seen anything like it," said Arya, who said he lost $2,000 a day while hanging "out of gas" signs on his pumps.