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BUSINESS
March 14, 2012 | By Ronald D. White, Times Staff Writer
California motorists bludgeoned by the nation's second highest retail gasoline prices may finally see some relief in the coming days. That's because the price for the nation's most expensive raw or unfinished gasoline, known as CARBOB, has been plumetting from its February highs, according to Tom Kloza, chief oil analyst for the Oil Price Information Service in New Jersey. CARBOB is an acronym for a fairly ridiculous mouthful: California Reformulated Gasoline Blendstock for Oxygenate Blending.
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BUSINESS
December 26, 2004
The oil industry has really conned the public this time ("Gasoline Prices Fall 8.6 Cents in State," Dec. 21). About one year ago, the gas price was approximately $1.40 per gallon. More recently, the price had risen to $2.50 and above. Now that the gas is dipping below $2 per gallon, the public appears to be appreciative. Jack Adelman Glendale
BUSINESS
March 6, 2012 | By Nancy Rivera Brooks
Gas prices began rising around Labor Day and motorists have seen little relief since. Now, the Energy Department has boosted its pump-price predictions for the peak driving season, defined as April through September, and for the full year. Peak prices will average $3.925 for a gallon of regular gasoline in the peak driving season, 5.7% higher than during last year's peak season and up from February's forecast of $3.62 during the peak months, according to the agency's monthly Short-term Energy Outlook.
BUSINESS
June 9, 1986 | From Associated Press
Gasoline prices kept rising in the past two weeks, as refineries and retailers recouped losses in revenue, but stayed 24 cents a gallon cheaper than at the start of the year, an oil industry analyst said. The average price of gasoline nationwide jumped 1.54 cents a gallon to 97.08 cents in the two-week period ending June 7, analyst Dan Lundberg said over the weekend.
OPINION
June 1, 2004
Much has been made of the price of a gallon of gas. It is too high, most claim. I would like to suggest another perspective: The price of a gallon of gas is actually too low. Factor in the environmental costs of the burning of fossil fuels, the societal health costs resulting from smog and the generous tax credits and tax abatements given the petroleum industry and the true cost of gasoline becomes apparent -- at least in the countries of Europe and...
BUSINESS
August 29, 1999
Our vacation was over, and I was sitting in a plane on the runway at LAX reading that at $2.73 per gallon, California milk prices are the highest in the nation ["State Court Allows Sale of Unenriched Milk," Aug. 10]. I couldn't wait to get home and dash to the nearest supermarket to buy a gallon of milk for under $3 per gallon. Much to my dismay, milk in my grocer's dairy case was the normal price of $4.59 per gallon. Did my state secede from the union during my 10-day absence? Californians do not pay the highest prices for milk in the nation, maybe just in the contiguous 48 states.
NEWS
October 29, 2012 | By Ronald D. White
The average price of a gallon of gasoline in California dropped by the biggest amount yet for a one-week period after the recent new record, according to the AAA Fuel Gauge Report. The state's average declined 26.3 cents, to $4.164 a gallon. That's the good news. The bad news is that California prices remain far above 2011 levels. The state's average has dropped 50.7 cents a gallon since reaching a record $4.671 a gallon on Oct. 9. But that's still 32.3 cents a gallon higher than it was on Oct. 29 last year.
BUSINESS
March 24, 2009 | TIMES WIRE REPORTS
The average U.S. price for self-serve regular gasoline rose 5.2 cents to $1.962 a gallon in the week ended Monday, a government report showed. Gasoline was down 40% from $3.259 a year earlier, according to a weekly report from the U.S. Energy Department. In California, the average price declined 0.8 cent to $2.154 a gallon, down 40% from $3.602 a year earlier. Prices were lowest in the Rocky Mountain region, where gasoline gained 4.5 cents to $1.864 a gallon. The highest price was in California.
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