Gas costs across southern California spiked this week as motorists throughout the region saw prices at the pump rise more than 70 cents in one month; topping $4 per gallon in San Diego and other cities.
“It’s official. For the first time since July 2015, the average price for a gallon of regular gasoline in San Diego has surpassed the $4 mark,” reports the San Diego Union-Tribune. “The price flew past the $4 threshold on Saturday and by Monday morning the average price in the San Diego area reached $4.04 a gallon, according to data from AAA of Southern California.”
The average price per gallon in Orange County was $4.04 and Los Angeles County was $4.07.
The crippling fuel costs comes as millions of Americans across the country plan to hit the roads ahead of the Easter Holiday weekend.
“I think the price could go up another several cents by Easter Sunday,” added one expert.
Read the full report here.
BLUE STATE BLUES: California Gas Prices SPIKE, Could Hit $4 Per Gallon for Millions
Millions of Californians have seen a massive increase for the price of gasoline in recent days; with several stations across the state charging $4 per gallon -a cost much higher than the national average of $2.75.
“A survey of more than 5,000 gas stations conducted by AAA shows that the average price for a gallon of regular gas is now $2.75, up 11% in the last month. And the average price is already above $3 a gallon in six western states: California, Hawaii, Washington, Oregon, Nevada and Alaska,” reports KTLA.
“Four-dollar gas is the average in a couple of California counties — San Luis Obispo and Mono. Many others are within a few cents of that mark, including San Francisco, where the average price is $3.98,” adds the article.
The rising prices come as Californians may soon face a series of new taxes from local officials, with the State government weighing whether to increase fees on drinking water, tires, pain medications, and more.
Read the full report here.
AMERICA UNLEASHED: US Oil Refineries SMASH OUTPUT RECORDS in July
The US oil industry continued to roar to life under President Trump and the GOP-controlled Congress in July; smashing records and beating estimates as the nation inches towards becoming the world’s largest producer of the fossil fuel.
According to the Daily Caller, the US oil industry produced over 18 million barrels of oil per day in July, beating previous records as the nation’s demand for the natural resource spiked during the busy summer months.
“Refineries along the Gulf Coast processed a record-breaking 9.5 million barrels per day during that period, and Midwestern plants processed a near-record amount of crude oil,” writes the DC.
“Refiners nearly broke the 18-million-barrel record in August 2017, but Hurricane Harvey forced some facilities to shut down as it hammered the Gulf Coast. Harvey shut-in around 3.2 million barrels a day in refining capacity, causing gas prices to rise,” adds the author.
Read the full report at the Daily Caller.