Southern California breaking news and trends

Gas up 13.5 cents in CA, lowest May supply in decades

gas pump

Photo by Andrew Taylor via Flickr Creative Commons

The national average for gasoline is falling, but in California, the cost of regular gas jumped more than 13 cents since last week. 

The Western U.S., faced with the lowest May gasoline supplies in 20 years, is seeing a spike in the price at the pump. Up from $4.210 a week ago, the average price for a gallon of regular gasoline in the Golden State is now $4.345, according to the AAA Fuel Gauge Report, reports the L.A. Times. The national average is $3.727 per gallon.

Gasoline suppliers in Washington have been looking to California following a fire that forced a refinery shutdown in March. This, plus the operation of fewer refineries overall, have analysts pointing to refinery maintenance problems as the source of the spikes and shortages. They disagree about how long the situation will last.

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Bloated gas prices drop for the 17th straight day

Koehler Urges Higher Gas Prices

Miguel Villagran/Getty Images

Local gas prices dropped on Thursday for the 17th straight day in Los Angeles county and Orange County. 

The price of a gallon of self-serve regular shed a whopping eight-tenths of a cent overnight and now pumps for about $4.27.

In Orange County, the average price dropped 1.1 cents making $4.24 the magic number per gallon.

The Lundberg Survey, which monitors 2,500 stations across the country, suggests that the price of gasoline nationwide may have peaked, notes Encino Patch.

In the past two weeks the average price of gas in the greater Los Angeles area dropped at total of seven cents.

 

 

 

 

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