Gas Prices Up 5 Cents in Last 30 Days

Gas Prices Up 5 Cents in Last 30 Days, Good and Bad News for California Gas Prices

Gas prices are currently on a slightly upward trend.  The average price for a gallon of regular unleaded gas is currently $3.68, up 5 cents since 30 days ago, and 3 cents since one week ago, according to the AAA Fuel Gauge Report. The reasons gas is slowly creeping back up after a two-month decline include:  the faltering Greek economy, a weaker US dollar, unrest in Libya, increasing demand for gas and limited production from refineries.

Gas prices in California have remained unusually low, when compared to other states in the US.  Typically California has the highest gas prices in the continental US, but several other states currently have higher prices such as Connecticut, Washington, New York and Washington D.C. The average price in California is $3.782 today, a 2 cent increase since last week.

For Californians there is good and bad news, gas still costs 14.4 cents less than it did a month ago, according to AAA’s Daily Fuel Gauge Report. However, it’s still 67.3 cents more expensive than it was a year ago.

The average price for a gallon of regular gas in LA County increased today for the 11th time in 12 days, increasing three-tenths of a cent to $3.82. The average price is 2.1 cents higher than one week ago and 69.5 cents above this time last year, but 10.1 cents lower than a month ago.

In the Inland Empire, the average price is $3.77, which is 1.6 cents more than last week, 15 cents lower than last month, and 67 cents higher than last year.

In Orange County average price increased for the 12th consecutive day to $3.80 per gallon. Before the upward streak began, it had fallen 62 times in 63 days, dropping to its lowest amount since Feb. 27. The Orange County average price is 2.7 cents higher than one week ago and 68.3 cents more than one year ago, but 8.7 cents lower than one month ago. This is the first time the Orange County average price has risen for at least 12 consecutive days since a 27-day streak from March 27-April 18.

If your business has been affected by this year’s high gas prices, now may be a good time to consider GPS fleet tracking.  A fleet tracking system can significantly help you to cut fuel costs, increase efficiency, and reduce vehicle emissions.