It was reported that on Friday, July 10th, the gallon of gasoline went up $ 0.09. However, while most consumers were hoping that would be it, the prices jumped again on Saturday, making the gallon of gas more expensive by $ 0.13, adding to already heightened costs.
The experts explained this by saying that California is facing a shortage of certain components that are usually used in the state’s blend of gas, that is unique for its less polluting properties, according to Triby Lundberg, who is an industry analyst.
Another reason for the spike might be the fact that a refinery in Torrance has recently been shut down, which meant fewer options for distributors.
However, you should not expect the same prices at every gas station in California. There are some places where a gallon could cost about $ 3.50 and others, not far away, where you would have to take as much as $ 4.30 out of your pocket. This will probably prompt many consumers to do some research before they fill in their tanks.
According to other analysts, the prices had been going downwards in the previous months and this made California less attractive to wholesalers.
However, this situation ceased on Sunday, after the prices went up and foreign suppliers started bringing their products to this state again, explained Triby Lundberg.
“Exports from outside the state in the U.S. and abroad did not have a great incentive to come in, but now they do,” she stated.
The average highest price for gasoline in the United States is now about $ 3.66, but certain gas stations in California were daring enough to go above that.
According to the recent report conducted by Lundberg, the average U.S. price is $3.05 for a midrange gallon of gas and $ 3.22 for premium gasoline. The cheapest price was recorded in Jackson, Mississippi, with $ 2.42 a gallon.
California is one of the most populated states in the country, so the demand will always be there. Thus, it is unlikely the gas stations will run out of customers soon, no matter how much the prices go up.
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