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BUSINESS
August 6, 2012 | B y Ronald D. White
Refinery and petroleum pipeline problems in the Midwest states led a rise in retail gasoline prices that pushed the national average for a gallon of regular past the $3.60 mark. Prices also rose in California, but by a much smaller amount. The national average for a gallon of regular gasoline is $3.619, up 13.3 cents over the past week, according to the AAA Fuel Gauge Report. The spike left the Midwest in the rare position of having fuel prices that are higher than California. Illinois residents are paying an average of $4.064 a gallon.
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BUSINESS
August 6, 2012 | B y Ronald D. White
Refinery and petroleum pipeline problems in the Midwest states led a rise in retail gasoline prices that pushed the national average for a gallon of regular past the $3.60 mark. Prices also rose in California, but by a much smaller amount. The national average for a gallon of regular gasoline is $3.619, up 13.3 cents over the past week, according to the AAA Fuel Gauge Report. The spike left the Midwest in the rare position of having fuel prices that are higher than California. Illinois residents are paying an average of $4.064 a gallon.
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BUSINESS
October 6, 2009 | Ronald D. White
Retail gasoline prices in California fell for the second straight week, the Energy Department said Monday, as refineries increased production. The national average also dropped for the eighth straight week. The average price of a gallon of regular gasoline in California declined 2.9 cents to $3.069, two weeks after hitting its high for the year at $3.153. California refineries were producing more than 6.4 million barrels of gasoline a week, or as much as 380,000 barrels a week more than they were in August, according to California Energy Commission statistics.
BUSINESS
May 29, 2012 | By Nancy Rivera Brooks
Oil slipped lower in New York futures trading but managed to stay above $90 a barrel. The U.S. benchmark West Texas Intermediate grade of crude declined 10 cents to $90.76 a barrel on the New York Mercantile Exchange because of trader concerns about European economies.  In London, the European benchmark Brent crude fell 75 cents to $106.36. Meanwhile, motorists were enjoying a bit of relief at the pump - even in California where the average gasoline price set a record over the Memorial Day weekend.
BUSINESS
March 10, 1986
Price wars have appeared in a few cities, oil industry analyst Dan Lundberg said. "There's no general retail gasoline price war going on in America, but there are almost a dozen cities in . . . the markets we survey in all 50 states that show exceptional below cost gas price competition," he noted. Lundberg, publisher of an industry newsletter, surveys retail gasoline prices around the nation every two weeks. The latest survey showed the average price at self-serve pumps of leaded regular at 90.
BUSINESS
March 29, 2003 | Elizabeth Douglass, Times Staff Writer
Retail gasoline prices edged down in Southern California over the last week, an indication that sharply lower wholesale gasoline prices have begun to trickle down to consumers. The latest survey from the Automobile Club of Southern California on Friday showed that the average price for regular gasoline fell two-tenths of a penny to $2.163 a gallon in Los Angeles and Long Beach and fell four-tenths of a cent in San Diego to $2.207.
BUSINESS
October 27, 2003 | From Times Wire Services
Retail gasoline prices have fallen 2 cents in the last two weeks, contributing to a price decrease of more than 16 cents since Sept. 12, according to a national industry report released on Sunday. The 2-cent drop, according to the Lundberg Survey of gas prices for the two weeks ended Oct. 24, reflects a continuing decrease since prices peaked in August because of supply problems, and a falloff in crude oil prices in the last two weeks.
BUSINESS
March 12, 2001 | From Associated Press
The retail price of gasoline fell almost 2 cents during the last two weeks as crude oil prices were slightly lower, an industry analyst said Sunday. The average price of gas at the pump nationwide Friday was about $1.48 per gallon, down 1.95 cents from Feb. 23, according to the Lundberg Survey of 8,000 stations. The decrease marked the fourth straight week that gas prices had declined slightly because of lower crude prices, said industry analyst Trilby Lundberg.
BUSINESS
July 10, 1991 | From Times Staff and Wire Reports
Retail Gasoline Prices Dip: Retail gasoline prices dropped a penny during the past week, an American Automobile Assn. survey showed. The average nationwide price for a gallon of self-serve regular unleaded was $1.135, the survey said. The price has fallen 3.7 cents since June 4. Analysts said prices have fallen because demand for gasoline has remained low during the recession.
BUSINESS
March 5, 2012 | By Ronald D. White, Los Angeles Times
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.
BUSINESS
November 29, 2011 | By Ronald D. White, Los Angeles Times
Pump prices continued to fall in California and the rest of the nation, but they remained at record levels for the end of November. The average price of a gallon of regular gasoline in California fell 6.8 cents over the last week to $3.718, according to the Energy Department's weekly survey. That was 56.6 cents higher than the year-earlier per-gallon average and 32 cents higher than the old record for this time of year, which was set in 2007. Nationally, the average price of a gallon of regular gasoline declined 6.1 cents to $3.307.
BUSINESS
November 22, 2011 | By Ronald D. White, Los Angeles Times
Retail gasoline prices fell over the last week in California and the rest of the nation, but don't get too excited: Prices have to drop a lot more to fall below historic highs for November. In California, the average price of a gallon of regular gasoline fell 5.4 cents over the last week to $3.786, the Energy Department said Monday. That was 61.5 cents a gallon higher than the year-earlier price. It was also 39.1 cents above the old record for this week of $3.395 a gallon, set in 2007.
BUSINESS
February 2, 2010 | By Ronald D. White
Crude oil prices rebounded Monday after ending last week at their lowest level since Dec. 21, but analysts said gasoline prices would fall in California and around the nation in the coming weeks because of plentiful supplies and weak demand. Light, sweet crude oil for March delivery rose $1.54 to settle at $74.43 a barrel on news that the Institute for Supply Management found that economic activity in the U.S. manufacturing sector expanded in January for the sixth consecutive month and that the overall economy grew for the ninth consecutive month.
BUSINESS
January 12, 2010 | By Ronald D. White
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.
BUSINESS
December 23, 2009 | By Ronald D. White
Retail gasoline prices mostly held steady over the last week, the Energy Department said Tuesday, as crude oil prices climbed slightly in light pre-holiday trading. Light, sweet crude for February delivery climbed a modest 68 cents to $74.40 a barrel on the New York Mercantile Exchange after the Organization of Petroleum Exporting Countries announced from a meeting in Angola that there would be no changes in their production levels. At the pump, California's average gasoline price rose for the first time in seven weeks, but by a mere 0.9 cents to $2.912 a gallon for regular.
BUSINESS
November 10, 2009 | Ronald D. White
Analysts said Monday that the month-old rally in retail gasoline prices across the U.S. had fizzled. "There was a point in September when refineries were making as much as $20 to $25 on a barrel of product," said Tom Kloza, senior oil analyst for the Oil Price Information Service in New Jersey. "Now, the average profit is about $2.50 a barrel. It's going to be a very challenging next few months for refiners." The average price of a gallon of regular gasoline in California edged lower by 0.6 of a cent to $2.981 over the last week, according to the Energy Department's weekly survey of filling stations.
BUSINESS
November 3, 2009 | Ronald D. White
Retail gasoline prices barely budged over the last week in California and around the nation, the Energy Department said Monday, but that was still enough to bump the U.S. average to its 2009 high. The average price of a gallon of regular gasoline in California was almost unchanged, rising just 0.2 cents to $2.987. California had been spared in the recent price rise around the nation because its refineries had already reined in production months ago, well ahead of similar moves by refineries in other parts of the U.S. The U.S. average rose 2 cents to $2.694 a gallon, topping the previous high of $2.691 set June 22, according to the Energy Department's weekly survey of filling stations.
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