That silver Dodge Ram Warlock with the 5.7-liter V-8 Hemi engine must have looked pretty sweet when gasoline prices hovered around $4 a gallon. Now, with gasoline topping $6 a gallon at some Los Angeles-area stations, a bit of sour’s been added to the mix.
Record-high gasoline and diesel prices are combusting driver budgets across the land, small car or large. But filling up a pickup truck or truck-size SUV burns hottest, given the extra weight and lower gas mileage that come as a trade-off for utility and size.
Like many, George Moreno uses his pickup for work. The downtown Los Angeles resident runs a warehousing and logistics company. Heavy-duty trucks do most of the work, but he often uses his Ford F-150 for smaller runs. Fuel costs “are so important to us, definitely,” Moreno, 52, said outside the Home Depot in Cypress Park. It’s hard “to keep our prices at a fair level while watching our costs go up.”
At a time of higher inflation, gasoline prices are the most visible manifestation. With a national average of about $3.40 a gallon, the Biden administration is worried — on Tuesday, the president ordered a partial drawdown of the nation’s strategic petroleum reserve to put more oil in the market with hopes to reverse the rise in motor fuel prices.
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