November 17, 2009 |
Pump prices edged lower nationally and in California over the last week, the Energy Department said Monday, and analysts were predicting the trend would hold in the near term despite a strong day for oil futures. The average price of a gallon of regular gasoline fell another 2 cents in California to $2.961, according to the Energy Department's weekly survey of filling stations. Analysts said the state's numbers should continue to fall because the wholesale trading price for the unfinished fuel that is blended into the state's gasoline was running at $2.01 a gallon.
May 25, 1989 |
Crude oil futures prices rose sharply in brisk trading Wednesday, a reaction to tight inventories reported by the American Petroleum Institute. On the New York Mercantile Exchange, the July contract for West Texas Intermediate, the key U.S. crude, ended at $19.66 a 42-gallon barrel, up 62 cents after a 43-cent gain Tuesday. The June contract expired Monday and finished at $20.93, with a gain of 33 cents from Friday's close. Prices of crude oil contracts for delivery after July all posted sharp gains.
March 15, 2008 |
"Maui no ka oi" is a popular Hawaiian saying that means Maui is the best. Mike Sweeney recently moved to this idyllic island from Denver and experienced the other side of paradise with his first visit to the gas pump. Maui is also No. 1 in the nation in gasoline prices. "After seeing the total, I won't be smiling," Sweeney said as he watched the numbers on the Chevron pump spin faster than a slot machine. The pump finally stopped at $97.20, which put 24 1/2 gallons in his Chevrolet Avalanche.
February 21, 2012 |
Just as the recovery is finally looking real, surging fuel prices are once again looming as a major threat to the financial health of U.S. consumers and the broader economy. The price surge has been particularly steep in California, in part because of maintenance at some refineries that make the state's cleaner-burning gasoline. Statewide, average pump prices for regular gasoline crossed the $4 mark over the weekend and reached an average of $4.031 a gallon Monday, up 5% in just the last week and nearly 9% higher than a month ago. "It doesn't bode well for the consumer," said Jeff Spring of the Automobile Club of Southern California.
January 6, 2009 |
Gasoline prices jumped during the last week across much of the nation, the Energy Department said Monday, as rising oil prices interrupted an unprecedented plunge in fuel costs. California's average gasoline prices increased for the third straight week because of decreased supply from refinery problems and other market factors. The U.S. average price for self-serve regular gasoline climbed 7.1 cents to $1.684 a gallon, according to the Energy Department's weekly survey of filling stations.
May 3, 2012 |
The decline in Southern California gasoline prices may have come to an end, for now, according to the Automobile Club of Southern California's Weekend Gas Watch. “Unfortunately, most pump prices in Southern California are still well over $4 a gallon even after six weeks of price drops, and price averages are about 65 cents higher than at the start of the year,” said Auto Club spokesman Jeffrey Spring. “Oil industry analysts say California inventories of gasoline are low and that could be contributing to the leveling off of prices.” Gasoline prices rose in the Los Angeles-Long Beach and Orange County regions since last Thursday, ending a six-week streak of declines.