Gas prices continue climbing in Southern California
The Brief
Gas prices continue climbing across California.
The average price is 16 cents more than it was one week ago in LA County.
The Orange County average price is 18.7 cents more than one week ago.
LOS ANGELES - Once again, Angelenos are burdened with pain at the pump.
A new report found that gas prices rose for the ninth time in ten days.
By the numbers
The average price has risen 16 cents over the past 10 days, including 5.3 cents Saturday, its largest increase since April 5, according to figures from the AAA and the Oil Price Information Service. It rose three consecutive days, increasing 1 cent, dropped four-tenths of a cent Tuesday and resumed increasing Wednesday.
The average price is 16 cents more than it was one week ago and 6.2 cents higher than one month ago but 32.5 cents less than one year ago. It has dropped $1.675 since rising to a record $6.494 on Oct. 5, 2022.
The Orange County average price rose for the sixth consecutive day, increasing 1.7 cents to $4.793, a day after rising 3.9 cents. It has risen 19 cents over the past six days, including 6.4 cents Saturday, its largest increase since Sept. 28, 2023.
The Orange County average price is 18.7 cents more than one week ago and 7.4 cents higher than one month ago but 31.3 cents less than one year ago. It has dropped $1.666 since rising to a record $6.459 on Oct. 5, 2022.
The national average price of a gallon of gas rose nine-tenths of a cent to $3.168, a day after it was unchanged. It has increased seven of the past eight days. It is 4 cents more than one week ago and 5.4 cents higher than one month ago but 36.7 cents less than one year ago.
The national average price has dropped $1.848 since rising to a record $5.016 on June 14, 2022.
What's next
Gas prices typically start going up this time of year and peak during the summer. The sharply lower price from one year ago is "due to tepid gasoline demand and weak crude oil prices," according to the AAA.
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The Source
Information provided by AAA and City News Service.
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San Francisco Chronicle
7 hours ago
- San Francisco Chronicle
Prices of eggs and gas are down. Does Trump deserve credit, or is something else going on?
President Donald Trump ran on promises to bring down prices for Americans. Today, prices of eggs and gas are down from their peaks of the past few years. Can he take credit? Nope, experts say. In both cases, prices were expected to come down as external factors abated. There's no compelling, recently implemented federal policy that had much impact on either commodity. First, let's look at the numbers. A year ago, the average national price of a gallon of unleaded gas was $3.47, according to AAA, and $4.88 a gallon in California. So far this month, the average price is $3.14 a gallon nationally and $4.77 in California. (Gas prices are higher in California for a combination of reasons, including regulatory issues, the special type of gas required to be sold here, and the highest gasoline taxes in the country.) • Got money questions? Here's how to send them to our California budgeting advice columnist. Doug Johnson, a spokesperson for AAA Northern California, said gas industry experts predicted prices were going to come down this year 'no matter who would've won the 2024 election.' Egg prices have fluctuated a lot since the most recent bird flu outbreak began in 2022. A year ago, the average price of a dozen eggs was $2.35. Prices skyrocketed from $2.11 in October to an all-time high of $8.17 a dozen in March. As of this week, the average price has dropped to $2.54 a dozen — only 8% higher than a year ago — and is likely to continue dropping as bird flu detections decline. 'Eggs have come down 400%,' Trump declared, wrongly, in a White House interview on Fox News. Going from $8.17 to $2.54 would work out to a 68.9% decrease. 'Price of eggs has dropped 61% since Trump took office,' declared Fox Business in a piece comparing January and June egg prices. A headline on the right-wing news and opinion site Daily Caller said, 'Grocery Prices See Biggest Drop In 5 Years As Trump's Policies Take Effect.' But, again, experts say Trump's policies aren't driving the price decreases. So what actually is behind them? Why gas prices have come down in California Gas is down 13 cents a gallon just from last week in the Bay Area, said Patrick De Haan, the head of petroleum analysis for cost comparison website GasBuddy. That's more than the drop we've seen at the national level — only 2 cents compared with the previous week. Most of the recent drop here is because refinery issues in California have begun to resolve, De Haan said. However, refinery repairs are ongoing, so the decline may be only temporary, he added. Though Trump ran on 'drill, baby, drill' and his administration has discussed opening public lands for oil and gas drilling, federal policy takes a long time to work its way to the price at the pump, De Haan said. 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Yahoo
a day ago
- Yahoo
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