December 20, 2010 |
Surging oil prices generally lead to soaring costs at the pump for retail gasoline. That hasn't happened with the recent jump in the price of crude, but it could soon. Crude oil for January delivery climbed 79 cents, or 0.9%, to settle at $88.81 a barrel Monday on the New York Mercantile Exchange. Analysts said the rise was unusual for this time of year and blamed it on a spate of refinery outages. But over the last week in California the average price at the pump fell slightly, by 0.3 cent to $3.247 a gallon.
October 9, 2012 |
For the fourth straight day, California has a new record for gasoline prices, but the rise has apparently lost nearly all of its momentum. The average cost of a gallon of regular gasoline in California today is $4.671 a gallon, up just 0.3 cents overnight, according to the AAA Fuel Gauge Report, which tracks prices from 100,000 retail outlets across the U.S. That's still 48.9 cents a gallon higher than it was a week ago and 86.6 cents a...
March 16, 2010 |
Gasoline prices at the pump rose slightly last week, the Energy Department said Monday, as oil futures fell to their lowest levels in March. The average price of a gallon of regular in California rose 1.5 cents to $3.061, according to the agency's weekly telephone survey of filling stations. Nationally, prices rose 3.7 cents to an average of $2.788 a gallon. In some potentially good news for motorists, analyst Tom Kloza said that prices nationally were already within 25 cents of their likely peak for the year, with the summer driving season yet to come.
October 30, 2012
Analysts said that it would be days, if not a week or two, before Hurricane Sandy's impact on fuel prices in the Eastern U.S. can be assessed. Today, the average cost of a gallon of regular gasoline was up by only the smallest amounts overnight in some states, while others actually saw price declines. In New York, for example, the average cost of a gallon of regular gasoline was up just 0.3 cents overnight, to $3.931. That was still 7.9 cents a gallon below the week-ago price.
August 25, 2009 |
Motorists are paying a little less for gasoline in most parts of the country despite the recent increase in oil prices. The average price of a gallon of regular gasoline in California fell 1.6 cents to $3.031 while the national average declined by 0.9 of a cent to $2.628 a gallon, according to the Energy Department's weekly survey of filling stations, released Monday. Prices rose only in the Rocky Mountain states, where the average increased half a penny to $2.616 a gallon. Some analysts were sticking to predictions of a slide in prices by sometime in September to $2.75 to $3 a gallon in California and an average of $2.50 to $2.75 a gallon nationally.
February 23, 2010 |
Pump prices for gasoline in California edged slightly lower over the last week but were on the rise just about everywhere else in the nation, the Energy Department said Monday. The bump in retail prices also helped drive oil futures marginally higher, Wall Street analysts said. Gasoline prices had drifted as low as they could go in recent weeks, those analysts said, because some recent refinery outages had limited supply -- and demand is expected to go up. Experts were expecting a surge in demand as motorists returned to driving after harsh storms dropped large amounts of snow in parts of the Eastern U.S. The average price of a gallon of regular gasoline in California fell 0.8 cents to $2.918, its lowest level since Dec. 21, according to the Energy Department's weekly survey of filling stations.
December 28, 2010 |
Oil prices fell from a two-year high Monday, but pump prices were on a course of their own, rising near year-end record highs. Oil was weighed down by China's second interest-rate hike since October. That raised fears that the manufacturing giant's economic growth will slow as the country tries to rein in inflation. China is the world's No. 2 oil consumer behind the U.S. Crude oil futures for February delivery dropped 51 cents, or 0.6%, to close at $91 a barrel on the New York Mercantile Exchange.
July 3, 2012 |
The average retail cost of a gallon of regular gasoline in California dropped to its lowest level since February and the national average fell to its lowest point since January, the Energy Department said, as pump prices continued to adjust to lower oil prices. Some parts of the country may see a slight bump in prices over the Fourth of July holiday, said Patrick DeHaan, senior petroleum analyst for GasBuddy.com, a fuel price-tracking website. "One thing is for sure," DeHaan said about the national average.
August 21, 2012 |
California's gasoline prices may have peaked after the refinery fire at Chevron Corp.'s Richmond facility, but they still rose enough over the last week to reach their highest level ever for the third week of August, the Energy Department said Monday. The average price of a gallon of regular gasoline in California was $4.129, according to the Energy Department's weekly survey of gas stations. That was up 3.3 cents from a week earlier — and 26.1 cents higher than on Aug. 6, just before the refinery fire knocked out parts of the state's third-biggest fuel-producing plant.
November 6, 2012 |
Gasoline prices are headed lower and might even drop below their average a year ago by early next week, analysts said. In California, the average price for regular gas Monday was $3.996 a gallon, 17.3 cents less than a week earlier, according to the Energy Department's weekly survey. It was the first time that the California average has been less than $4 a gallon since Aug. 6, when it was $3.868. Barring any new refinery or petroleum pipeline problems, drivers in most parts of the U.S. can expect prices to inch lower, experts said.