LOS ANGELES (KTLA) — Are you ready for $5 per gallon gas? That’s the way prices are heading.v For the 32nd consecutive day, fuel costs went up on Monday, with no relief in sight.
The average price for a gallon of regular gasoline is now $4.29 per gallon in Los Angeles and Long Beach, up 55 cents from a month ago, according to AAA.
Experts are using the perfect storm analogy to explain the spike in prices.
The more expensive summer blend has arrived here in California in mid-winter.
And 2/3 of the cost of a gallon of gas comes from the price of crude oil, which has jumped 10 percent in the last two months, according to the Energy Information Administration.
Also, OPEC, the powerful cartel of petroleum-exporting countries, is believed to have cut production by about 1 million barrels per day in the last two months, CNN Money reports.
So what does it all mean? Well, experts say drivers should hold on tight.
15 Comments to “Gas Prices Still on the Rise, Especially in SoCal”
February 19, 2013 at 12:06 AM
Why?! What is the actual reason being given for increased gas prices?!?
February 19, 2013 at 12:26 AM
Blame Chevron in El Segundo for outsourcing refinery jobs to Spain.
February 19, 2013 at 1:33 AM
Keep it climbing, let's get the kooks off the road.
February 19, 2013 at 5:30 AM
By reducing supplies and shutting down for maintenance and summer blend they're manipulating the market which is illegal. Of course nothing will ever be done.
February 19, 2013 at 12:11 PM
Isn't it time we do away with California's Summer blend? This alone causes gasoline prices to rise twice a year when refineries selling to California have to shut down to reformulate. Rationale for doing away with the summer blend are: (1) the cars run a lot cleaner than when this law was passed; (2) summer is supposed to be "driving season". The way I look at it, when a family drives on a vacation, there are at least two or three cars not in rush hour traffic, not sure if "driving season" increases pollution; (3) with the weak economy we can ill-afford high gas prices for no good reason.
I bet if someone decides to put a measure on the California ballot to do away with the summer blend, enough signatures will be gathered easily, and if ends up on the ballot the measure will easily pass!
We are sick and tired of paying higher gas prices due to the refineries' output shortages due to the summer blend.
February 19, 2013 at 12:11 PM
Isn't it time we do away with California's Summer blend? This alone causes gasoline prices to rise twice a year when refineries selling to California have to shut down to reformulate. Rationale for doing away with the summer blend are: (1) the cars run a lot cleaner than when this law was passed; (2) summer is supposed to be "driving season". The way I look at it, when a family drives on a vacation, there are at least two or three cars not in rush hour traffic, not sure if "driving season" increases pollution; (3) with the weak economy we can ill-afford high gas prices for not good reason.
I bet if someone decides to put a measure on the California ballot to do away with the summer blend, enough signatures will be gathered easily, and if ends up on the ballot the measure will easily pass!
We are sick and tired of paying higher gas prices due to the refineries' output shortages due to the summer blend.
February 19, 2013 at 6:54 AM
like Walter implied I cant believe that someone can make $5611 in 4 weeks on the computer. did you read this web site jump15.comCHECK IT OUT
February 19, 2013 at 8:30 AM
Why isn't no one doing anything about this BS, does someone has to go off before something is done. Stop the BS your greedy scum bags.
February 19, 2013 at 9:01 AM
Why isn't it that no one is doing nothing about this stuff!?! Holy double/triple negatives Batman!
February 19, 2013 at 9:21 AM
This what happens when the Government fines one of the largest Oil Companies and they are now returning the favor to US. Thank you Obama and BP
February 19, 2013 at 9:32 AM
Time to start a revolution against the speculators, its just insane that the prices go up so much when the oil supplies are in fact publically owned but leased to the oil companies, and then the government stops the pipelines and construction of new plants, its a ploy to control the people, to submission, there is no reason for the prices to be so hih and all the bull about refineries needing to be reconfigured,after all these years is just a scam, and we the people should demand the government to get off their asses and pensions
February 19, 2013 at 9:40 AM
Glad I live in TX. $3.18 a gal. Must cost more to send gas to the land of the fruits and NUTS
February 19, 2013 at 12:10 PM
That's not it. California requires a cleaner formula for the summer months. so before and after summer, refineries that sell to California have to shut down to reformulate which creates a supply problem causing prices to rise.
Isn't it time we do away with California's Summer blend? This alone causes gasoline prices to rise twice a year when refineries selling to California have to shut down to reformulate. Rationale for doing away with the summer blend are: (1) the cars run a lot cleaner than when this law was passed; (2) summer is supposed to be "driving season". The way I look at it, when a family drives on a vacation, there are at least two or three cars not in rush hour traffic, not sure if "driving season" increases pollution; (3) with the weak economy we can ill-afford high gas prices for no good reason.
I bet if someone decides to put a measure on the California ballot to do away with the summer blend, enough signatures will be gathered easily, and if ends up on the ballot the measure will easily pass!
We are sick and tired of paying higher gas prices due to the refineries' output shortages due to the summer blend.
February 19, 2013 at 1:35 PM
That may explain the gas prices rising but why is the diesel prices going up. Diesel fuel is the cheapest fuel to produce and has nothing to do with the price of gas.
February 19, 2013 at 8:25 PM
The "Jed Clampett Time Travel" theory tells you why gas prices will always be out of control … http://placeitonluckydan.com/2011/04/gas-prices-r…