Posted on 07/11/2015 7:50:01 AM PDT by Signalman
The average price of a gallon of self-serve regular gasoline in Los Angeles County recorded its largest daily increase since May 1 Friday, rising 11.1 cents to $3.656. The Orange County average price recorded its largest daily increase since Feb. 27, rising 12.8 cents to $3.625, according to figures from the AAA and Oil Price Information Service.
The average price in Los Angeles County had dropped 48 of the previous 52 days. It is 10.3 cents more than one week ago but 6.5 cents less than a month ago and 50.8 cents lower than one year ago.
The Orange County average price had dropped 50 of the previous 54 days.
It is 13.5 cents more than one week ago but 1.4 cents less than a month ago and 52.2 cents lower than one year ago. Drivers lined up at a Costco gas station in Huntington Beach to where a gallon of regular was selling for $3.21. But just a few miles away, Mobil was selling a gallon for $4.59. "It's insane," said Mike Huang, a college student. "It's terrible that we're all put in that position." "I'm a college student and I'm super broke so having these crazy prices doesn't really help me." Allison Mac, a petroleum analyst with gasbuddy.com, said supply is tight and demand is high, especially during the summer driving season. She said Friday's spike in Southern California gas prices is not a result of price gouging, but rather a lack of supply due to decreasing imports and issues at local refineries like February's explosion at the Exxon Mobil in Torrance.
Because of California's special gas blend, Mac said Friday's spike is not easily solved by borrowing from nearby states such as Texas, where the average price for a gallon of regular is $2.56.
"Its not like we can turn to our neighbors," she said. "We can't knock on Texas' door and be like, 'Can you give us some gas?
IIRC, $1.86/gallong national average the day Obama was Crowned.
I so love watching people who voted for socialism get socialism...
I love how they trot this Bolshevik out all the time, yeah we already had the Torrance spike excuse and prices were coming down, I guess they didn't make enough off the July 4th weekend so they are getting it now. You can't look to the State to do diddly squat for consumers because the tax revenue jumps with every increase. They can sneer at us Californians now, but just wait the gaia worshippers will be pushing the special blend crap as far and wide as possible.
Funny ....
Ours been going down
About $2.43 today.......
I went to Costco early this morning to fill up and I could not believe the line for 7:00am. Regular was $3.19/9. Now I know why the line was so long. Usually you can drive up to a pump or only wait on maybe one car. They lines were at least 10 cars deep with 12 lines.
It’s up to $2.34 a gallon in Houston suburb. Still too high.
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