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.
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.
February 11, 2013 |
Went to a magic show Sunday, called, appropriately enough, “ Smoke and Mirrors .” Watched the magician pull a rabbit out of his hat and everything. (OK, it was a bird, but who's counting?) You know it's all an illusion -- trickery, sleight of hand, misdirection -- but you laugh and are amazed anyway. Great fun. Came to work Monday and read about a different magic show. It's called gas prices, though it could just as easily be called smoke and mirrors. Seems that gasoline prices are at record highs for this time of year, both nationally and in California.
June 12, 2012 |
California's average pump price fell 9.6 cents over the last week, according to the Energy Department's weekly fuel survey, but declines across the rest of the U.S. slowed and may be nearing their end, analysts said. The price of a gallon of regular gasoline in California was $4.164 on Monday, compared with $4.260 a week earlier, the Energy Department said. California pump prices have fallen for four straight weeks and are 21.2 cents off their high for the year: $4.376 a gallon, set March 12. But they are still 22.4 cents a gallon higher than a year earlier.
April 18, 2013 |
California's strict low-carbon fuel standard could help reduce gasoline prices in the state, the opposite of what many have predicted, by encouraging the use of a relatively cheap and relatively clean U.S. crude oil, some experts now say. The standard will require fuel producers -- like refineries -- to lower the carbon intensity of the products they sell here by 10% by 2010 in less than seven years. To comply, California refineries might also have to stop using some of the crude oil they use now. That includes some oil that comes from California that is considered too dirty, from a carbon intensity standpoint.