Gasoline prices rise, ending seven straight weeks of declines


gas pump statsCalifornia’s streak of seven straight weeks of gasoline price declines has ended because of widespread refinery maintenance shutdowns that have reduced fuel supplies by nearly a third compared with a year ago.

In California, the average price of a gallon of regular gasoline was $4.213 a gallon, up 2.7 cents from a week earlier, according to the Energy Department’s weekly survey of service stations, released Monday.

The U.S. average for a gallon of regular continued to fall, dropping 4 cents to $3.790 a gallon, the Energy Department survey showed. The enduring strength of the national price decline was partly the result of the boom in oil supplies from North Dakota, which was helping reduce U.S. oil prices.

Until a few years ago, California had 14 refineries that produced the state’s expensive blend of gasoline, but now there are only 12, according to the state’s Energy Commission.

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About smartspending5

I am business-minded college student who has a heart for helping others attain emotional independence and psychological stability. My background lies in Broadcasting, network marketing, and Human Services. I believe that crises and extreme stress is necessary for one to grow and figure out what matters in life (Tony Robbins). This keeps me going when frustrations arise in my business. View all posts by smartspending5

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