March 6, 2012 |
The latest streak in the nation's gasoline price pain finally ended overnight after 39 straight days of increase, the AAA Fuel Gauge Report said. But the small drop of 0.33 of a cent to a U.S. average of $3.764 for a gallon of regular was unlikely to bring any smiles to motorists. Still, analysts noted that it was the first price break since January. Gasoline prices have been on an almost relentless rise since the end of the Labor Day weekend, setting all-time records for prices in California and the nation in September, October, November, December, January, February and March.
November 28, 2012 |
The average price of a gallon of regular gasoline in the U.S. this year never reached the highs seen in 2008, when the all-time record of $4.114 was reached. The 2012 average never even climbed as high as it was last year, when it hit $3.965, according to the Energy Department. But fuel prices have been so consistently high in 2012 that American motorists are on pace to spend more on gasoline this year -- $483 billion, or $1.32 billion a day -- than they ever have before, according to the Oil Price Information Service in New Jersey.
February 7, 2012 |
Last month turned out to be the most expensive January ever at U.S. gasoline pumps, boosted by growing economic strength. January is typically a month of falling gasoline prices because fuel demand falters in the slower travel weeks that follow the year-end holidays. Not so this year. In January, retail gasoline prices averaged $3.37 a gallon, according to the Oil Price Information Service, a private fuel information service. That compared with the previous record average for the month of $3.095 a gallon, set last year.
April 11, 2013 |
Experts are saying American drivers, including Californians, can expect some of the lowest summer gasoline prices they have seen in three years. Some are predicting a steady decline in California gasoline prices to as low as $3.84 a gallon by August. This year, the Energy Department is expecting a national summertime average of about $3.63 for a gallon of regular gasoline. That would be the lowest in three years, down six cents from $3.69 a gallon a year ago and off 8 cents from the $3.71 average in 2011.
August 31, 2012 |
The summer of 2012's widespread refinery and petroleum pipeline problems, as one analyst put it, will mean that many Americans will face record high gasoline prices during the long Labor Day holiday weekend. In California, analysts have blamed the recent Chevron Corp. refinery fire as the main reason the state will see a second straight year of the highest average prices ever for the traditional three-day ending of the summer driving season. But the national average for the price of gasoline this weekend will shatter a record set in the summer of 2008, the year that the U.S. saw its highest overall prices ever, even after adjusting for inflation.
October 6, 2012 |
California drivers are reeling from days of sharp gasoline price increases that left the state within reach of its record high. Economists warn that a prolonged period of elevated gas costs could harm consumers as the holiday shopping season kicks in. Analysts attributed the price surge to fuel traders' emotional reaction after a series of refinery outages and other problems, including a Northern California refinery fire, a Southern California refinery...
November 8, 2011 |
If you think gasoline is expensive now, just wait until next year: A combination of growing global demand and rising U.S. fuel exports could send gasoline prices to record highs in 2012, analysts say. Those factors have been pushing pump prices to historically high levels since the beginning of September, and the approaching holiday weekend is expected to present a painful roadside example by breaking the old record for late November — set in...
August 9, 2012 |
The expected run-up in gasoline prices after a major fire at a Bay Area refinery may not come as quickly as expected, but it's coming. What isn't known at this point, analysts said, is how bad it will get. The market is waiting forChevron Corp.to report on the severity of the damage to its 2,900-acre refinery in Richmond, Calif., which opened in 1902. Chevron said Wednesday that the refinery, which was shut down because of the fire at one of its units, was now partially operating.
September 17, 2008 |
Oil prices took another swan dive Tuesday, falling more than $4 a barrel to flirt with the $90 threshold. But in the wake of Hurricane Ike, Gulf Coast fuel supply operations remained a mess for motorists from Texas to the Northeast, with prices spotted well above $5 for a gallon of regular gasoline. Motorists should brace for a return to $4 a gallon on average nationwide through mid-October, fuel experts said. The increase also will include California, which faces competition for its gasoline supplies.
August 31, 2010 |
With gas prices gradually dropping, Southern Californians are more likely to drive for a Labor Day weekend getaway than any time in the last decade, according to the Auto Club of Southern California. For a final summer fling, 91% of the 2.5 million Southern Californians who plan to travel for the holiday weekend will get behind the wheel of a car, a 4% increase over last year, the Auto Club said. Travel experts say traveling by car is gaining popularity partly because it remains one of the cheapest ways to travel and because airline travel has become troublesome and time-consuming.