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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.
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BUSINESS
April 17, 2014 | By Shan Li
Problems at some of the state's fuel refineries have sent gasoline prices soaring in California just in time for the kickoff of the busy driving season. A gallon of regular gasoline hit a statewide average of $4.196 on Thursday, up about 13 cents in a week, according to AAA. That's the highest price since March 2013. If gas prices keep surging, David Buzzo plans to cut down on dinners out and impulse purchases. Buzzo, a supervisor of field services for Southern California Edison, said he's always conscious of every uptick in price when filling up. "That takes away other money, luxury money," the 59-year-old Hollywood resident said.
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NEWS
October 10, 2011 | By Chris Erskine, Los Angeles Times Staff Writer
The average price of a gallon of gas has dropped more than 12 cents over the past two weeks , and is down 25 cents in the past month, a Lundberg Survey finds . . . . For the fifth straight year, Deer Valley Resort in Utah has been named the No. 1  ski resort in North America by the readers of SKI Magazine . . . . Beer lovers, put San Diego Beer Week  on your radar. Running Nov. 4-13, it will feature more than  40 breweries. The closing beer garden food-and-beer pairing event is Sunday, Nov. 13 at the Lodge at Torrey Pines . . . . Spots are still available for the Las Vegas half-marathon Dec. 4  . . . . The $5.6-million Humana Challenge, formerly the Bob Hope Classic, will be played Jan. 19-22 on three courses in La Quinta . . . . On Nov. 12, the Monterey County Vintners & Growers Assn.  launches “Best of the Blue,” a new gathering featuring Monterey wines and gourmet food trucks . The event  takes its name from the Blue Grand Canyon,  an underwater gorge in  Monterey Bay similar in scope to the Grand Canyon.
BUSINESS
April 15, 2014 | By Ricardo Lopez
Food and housing costs rose sharply in March, but overall inflation remained low, the U.S. Bureau of Labor Statistics reported Tuesday. The federal government's consumer price index rose 0.2% in March, a measurement that shows average price changes in goods and services purchased by Americans. In the last 12 months, overall core inflation -- excluding the volatile food and energy indexes -- rose 1.7%. Recent drought and other extreme weather patterns have driven up the price of beef to all-time highs and that was reflected in the government's food index, which rose 0.4% in March, following an identical increase the month before.  PHOTOS: World's most expensive cities It showed much steeper increases in certain food categories.
BUSINESS
November 26, 2013 | By Shan Li
Drivers on Thanksgiving will save a few pennies at the pump compared with Turkey Day last year. The national price for gasoline this Thanksgiving will average $3.27 a gallon, down 16 cents from last year and 5 cents below 2011, according to GasByuddy.com. Total gas savings in November compared with last year will give shoppers an extra $1.93 billion more to spend on Black Friday. PHOTOS: Thanksgiving by the numbers: 10 facts about Turkey Day Not all states are enjoying the same savings.
BUSINESS
October 6, 2012 | By Nancy Rivera Brooks
California's average gasoline price set a record Saturday of $4.614 for a gallon of regular, up 12.8 cents overnight - but anyone who filled up in the last few days probably isn't surprised.  Gasoline prices skyrocketed after the Exxon Mobil refinery in Torrance was knocked offline Monday by a power outage. Other lingering refinery and pipeline problems also contributed to the soaring costs at the pump. Several service stations are charging more than $5 a gallon for regular gasoline.
NEWS
February 23, 2012 | By Michael A. Memoli
Amid otherwise hopeful signs about the economy, the GOP presidential contenders are increasingly pointing to rising gas prices to criticize the president. Rick Santorum has recently taken to blaming Obama's "radical environmental policies" for the increase. Newt Gingrich, meanwhile, is now airing a 30-minute infomercial in Super Tuesday states outlining his strategy to return prices to $2.50 a gallon. "We paid $1.13 on average during the four years that I was speaker. When Barack Obama became president, we paid $1.89 that week," he says in the advertisement.
CALIFORNIA | LOCAL
June 11, 1996
To reduce gas prices, reduce the speed limit back to 55 mph! ADOLFO TORRES Los Angeles
BUSINESS
March 27, 2012 | By Tiffany Hsu
Mounting gas prices still haven't made much of a dent in eateries' bottom lines - but they will, and soon, according to the National Restaurant Assn. At this rate, the cost of fuel will quickly eat up the extra cash that consumers use for discretionary purchases, including meals out on the town, according to the trade group's chief economist Bruce Grindy . In a blog post, he said that an NRA survey of 600 restaurant operators this month showed nearly three of four respondents feeling the pinch of high gas prices.
BUSINESS
October 5, 2012 | By Pat Benson
Some Southern California gas stations are charging more than $5 a gallon for gasoline. Gas prices have gone up so high and so quickly, some customers are snapping pictures at the pump or driving off in hopes that gas will cost less next week. LIVE VIDEO DISCUSSION: Join us at 3 p.m. today To examine why gas prices are suddenly so high, join us for a Google+ Hangout at 3 p.m. PDT with Patrick DeHaan, senior petroleum analyst at the GasBuddy.com website, and Times energy editor Nancy Rivera Brooks.
BUSINESS
March 27, 2014 | By Shan Li
For the first time in months, most Californians are shelling out more than $4 for a gallon of regular gasoline. And with the busy summer driving season ahead, prices are likely to move even higher, fuel analysts said. It's a rite of spring as predictable as warmer weather or blooming flowers: Gasoline prices are edging up. A gallon of regular gasoline Thursday cost an average of $3.99 in the Golden State, the highest since September 2013, according to the AAA Daily Fuel Gauge report.
AUTOS
February 8, 2014 | By Ronald D. White
The average price for a gallon of regular gasoline hit $3.648 over the last week in Los Angeles and Long Beach, up 3.6 cents from a week earlier. In Orange County, the average had climbed the same amount, to $3.642 a gallon. But experts say it could be a lot worse. Recent increases are driven in part by annual refinery maintenance and California's early switch to a more expensive summer blend of gasoline. PHOTOS: The 10 cars with lowest sticker price per mpg That's part of the reason gas prices have jumped, sometimes sharply, each spring for more than a decade, said Jeff Spring, a spokesman for the Automobile Club of Southern California.
WORLD
December 17, 2013 | By Sergei L. Loiko
KIEV, Ukraine - Ukraine's beleaguered President Viktor Yanukovich reached agreement with Russia on Tuesday for a $15-billion loan and a more than 30% cut in the price of Russian natural gas, deals that aren't likely to win him peace from his European-leaning opposition. Thousands of protesters who had gathered in Kiev's Independence Square responded to the news by demanding Yanukovich's resignation and chanting: "Down with the gang!" Yanukovich and Russian President Vladimir Putin announced the accord between the neighboring nations after a meeting at the Kremlin in Moscow.
BUSINESS
November 26, 2013 | By Shan Li
Drivers on Thanksgiving will save a few pennies at the pump compared with Turkey Day last year. The national price for gasoline this Thanksgiving will average $3.27 a gallon, down 16 cents from last year and 5 cents below 2011, according to GasByuddy.com. Total gas savings in November compared with last year will give shoppers an extra $1.93 billion more to spend on Black Friday. PHOTOS: Thanksgiving by the numbers: 10 facts about Turkey Day Not all states are enjoying the same savings.
BUSINESS
October 30, 2013 | By Ricardo Lopez
Monthly Social Security payments will rise 1.5% next year, bringing the average benefit amount to about $1,288 after an annual cost-of-living adjustment, the Social Security Administration announced Wednesday. The 1.5% rise is the smallest increase since 2002 and is down from the 1.7% adjustment in 2012.  The annual cost-of-living adjustment is based on a consumer price index for urban wage earners and clerical workers. Inflation has remained low in recent years, underscored by the latest government data which showed that inflation in September was up just 1.2% from the year before.
CALIFORNIA | LOCAL
October 13, 2013 | By Patrick McGreevy
SACRAMENTO - Gov. Jerry Brown on Sunday approved safeguards for minors accused of crimes and vetoed a probe of spikes in gas prices, wrapping up action on a wide range of bills this year that will expand healthcare, help low-wage workers and protect the environment. When the ink dried on about 900 proposals lawmakers had sent him, down from nearly 1,000 last year, the governor had accepted all but about 11% of them - the lowest rejection rate of his current term. "This is the most generous Jerry that we have seen by far," said Jaime Regalado, professor emeritus of political science at Cal State L.A. Brown approved almost all major bills from fellow Democrats, Regalado noted.
BUSINESS
October 8, 2012 | By Nancy Rivera Brooks
Soaring gasoline prices in California have sparked suspicions that the surge was brought on by more than refinery problems. Sen. Dianne Feinstein (D-Calif.) has called on federal regulators to determine whether “an illegal short squeeze” is responsible for the skyrocketing prices, which reached a record $4.668 on average for a gallon of regular gasoline. She is joining us for a live video chat at 3 p.m. on the issue with Times consumer columnist David Lazarus. We invite you to join in by leaving comments below.
BUSINESS
February 29, 2012 | By Nancy Rivera Brooks
Rising gas prices are causing Californians to use less fuel, a state agency said. State residents used 1.169 billion gallons of gasoline in November, the most recent month for which the state Board of Equalization has statistics, a 2.6% decline from November 2010. It was the ninth month in a row that gasoline consumption declined, the agency said. Back in November, California's average gas price was $3.85 a gallon, up 64 cents from the average a year earlier. But that sounds cheap compared with the state's average of $4.323 a gallon on Wednesday, according to AAA's daily survey of fuel retailers.
BUSINESS
September 30, 2013 | By Ricardo Lopez
National gas prices fell 19 cents in September, the largest drop since October 2012, AAA said Monday, and if the downward trend continues, gas prices could drop an additional 30 cents by Christmas. The U.S. average gas price is now at $3.40 a gallon, the lowest price since January. “Most drivers are paying the lowest gas prices in more than eight months due to abundant gasoline supplies, the end of the summer driving season, lower oil costs and the switchover to winter-blend gasoline,” said Avery Ash, AAA spokesman, in a statement.  Looking ahead, AAA said it expects further drops in the price through the fall and winter.
BUSINESS
August 28, 2013 | By Ricardo Lopez
The threat of a U.S. strike on Syria is roiling global oil markets and could cause temporary price increases at the pump.  The price of October U.S. crude oil continued to rally Wednesday, rising to $110.34 a barrel -- a 1% increase. Brent crude oil was up $1.95 at one point, reaching nearly $116 a barrel.  Oil prices have been rising since July, when tensions in Egypt escalated into a crackdown on supporters of now-ousted president  Mohamed Morsi. But prices jumped this week as the Obama administration weighed taking military action against the Syrian military for apparently launching a chemical attack against civilians.  Photos: Gas stations with flair   Though Syria is not a large oil producer, the fear is that the conflict could spread across the region.  "The entire Middle East could become involved in this," said Patrick DeHaan, a senior petroleum analyst with GasBuddy.com.
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