February 4, 2013 |
Expect a bit of a shock if you fill up your gas tanks in Southern California this week. The average price of a gallon of regular gasoline in the state has jumped 23.4 cents since last Monday, according to the AAA Fuel Gauge Report. Most of the spike has been driven by the state's southern counties. PHOTOS: Best car values for fuel economy Los Angeles and Long Beach, for example, are averaging $4.017 a gallon, up 24.8 cents over the past week. Orange County gasoline is averaging $4.002 a gallon, up 26.1 cents since last Monday.
January 12, 2010 |
Retail gasoline prices have jumped sharply over the last week, prompting worries that a surge in energy prices could slow the economic recovery. The average price of a gallon of regular gasoline in California climbed 5.9 cents to $3.046, the biggest rise in 16 weeks. Nationally, the price jumped 8.6 cents to $2.751 a gallon, according to the U.S. government's weekly survey of filling stations. Analysts said gasoline prices were rising sharply while most indicators of supply and demand were headed in the opposite direction.
April 24, 2012 |
Gasoline prices fell again around the nation, the Energy Department's weekly survey showed, with the U.S. average dropping below the year-earlier price for the first time in 2 1/2 years. Analysts called it a milestone, even though it probably didn't feel like much relief to motorists. The national average fell 5.2 cents to $3.87 a gallon, the Energy Department said. The average was nearly a penny below the price a year earlier, the first time that has happened since October 2009.
October 18, 2011 |
Retail gasoline prices are on the rise again after five straight weeks of decline. The new increases are adding to the pain of historically high fuel costs for this time of year. In California, which has returned to its customary position as the most expensive state for fuel in the 48 contiguous states, the average cost of a gallon of regular gasoline rose 4.9 cents over the last week to $3.864. The numbers are from the Energy Department, which conducts a weekly survey of service stations around the U.S. A year earlier, the average price for a gallon of regular gasoline in California was $3.147, the Energy Department said.
December 28, 2011 |
The most expensive year ever for gasoline purchases in the U.S. is heading to a close — but not without another dig at motorists' wallets. Pain levels at the pump rose again over the last week in California and across most of the nation, assuring that 2011 will mark the second year in a row that prices have posted record December highs. The average price of a gallon of regular gasoline in California hit $3.576, up 2 cents since Dec. 19, according to the Energy Department's weekly survey of service stations.
July 31, 2012 |
Pump prices have held relatively steady in much of the nation, but respite may be brief. The average U.S. price of a gallon of regular gasoline rose 1.4 cents, to $3.508, according to the Energy Department's weekly survey, released Monday. In California, the average fell 0.6 of a cent, to $3.802 a gallon. Analysts attributed the national rise to the recovery in oil prices. U.S. crude futures are hovering around $90 a barrel after falling as low as $77.69 during the final week of June.
March 5, 2012 |
Gasoline prices are keeping up their record-setting ways. California drivers paid an average of $4.358 for a gallon of regular gasoline, up 6.6 cents from a week earlier, the Energy Department said Monday. That's a fresh record high for this time of year and is 48.4 cents above the year-earlier price. Nationally, the average rose 7.2 cents to $3.793, also a record for this week, according to Energy Department statistics. A year earlier, the average U.S. price was 27.3 cents lower.
June 15, 2009 |
Gasoline prices have risen at an unprecedented pace this year, pushing the average pump price in San Francisco and a few other California towns past the $3 mark for regular gas. In Southern California, many filling stations also have passed that benchmark. With fuel costs soaring still faster in other parts of the U.S. -- a fresh Energy Department survey today will show just how fast -- experts say the surge could knock the wheels off an economic recovery before it even gets underway.