September 12, 2013 |
Gasoline prices in California are on their way back to $4 a gallon. California refinery outages have prompted an increase in wholesale gasoline prices that is now being felt by drivers at the pump, the Automobile Club of Southern California reported. The state average was $3.958 a gallon for regular Thursday - 11.7 cents higher than last week, AAA reported. In the Los Angeles-Long Beach region, the average price of self-serve gasoline is $3.994 a gallon, 11.7 cents higher than last week, but 18 cents lower than this time last year.
July 16, 2013 |
WASHINGTON -- Sharply higher prices at the gas pump led to the biggest jump in inflation since the winter, the Labor Department said Tuesday. The Consumer Price Index rose 0.5% in June after just a 0.1% increase in May. Gasoline prices were the major factor, shooting up 6.3% in June following sharp declines in the spring. The increase was the largest since prices rose 0.7% in February. Analysts surveyed by Bloomberg expected a 0.3% increase in the index, a key measure of inflation.
June 18, 2013 |
WASHINGTON -- Consumer prices rose in May for the first time in three months, but the increase was small and inflation over the past year remained tame, the Labor Department said Tuesday. The consumer price index rose a seasonally adjusted 0.1% last month after dropping 0.4% in April and 0.2% in March. The so-called core inflation figure, which excludes volatile food and energy costs, rose 0.2% in May after a 0.1% rise the previous month. Over the previous 12 months, prices rose 1.4% on all goods and 1.7% excluding food and energy costs.
June 11, 2013 |
People who drive electric cars pay the equivalent of $1.51 per gallon of gas in fueling expense in California but only 83 cents in North Dakota, according to new federal government figures. The Energy Department data show the wide variability between states in the cost savings for charging electric vehicles. The national average is $1.14. The data are available on a new calculator that is part of the Energy Department's launch of eGallon -- a way for consumers to compare the cost of fueling electric and gasoline vehicles.
May 29, 2013 |
Gasoline prices are only slightly below levels set in 2011 and 2012, according to Energy Department statistics. But even a relatively small decline is enough to dent the used car auction prices of hybrid vehicles and the retained value of electric vehicles. That's the conclusion of the latest Kelley Blue Book Used-Car Market Report for May. As usual, the KBB analysis looks at the prices used car dealerships are paying at auctions to stock their inventories. Alec Gutierrez, senior market analyst for Kelley Blue Book, said in an interview there is usually a close correlation between dealer auction prices and the sticker prices buyers will see at used car sales lots.
May 23, 2013 |
Get ready for an expensive three-day weekend behind the wheel. The Union of Concerned Scientists says that Americans will spend about $1.4 billion on gasoline over the course of the Memorial Day holiday. Among those paying the most will be California drivers. PHOTOS: Top 10 cars with the lowest sticker price per mpg The state's gasoline prices are drifting lower again but are likely to remain above $4 a gallon in most parts of Southern California over the long Memorial Day weekend, according to the Automobile Club of Southern California.