Gas Prices Up, Production Down: $5.19 for Regular
GORDA, Calif.- Gas prices in California are at an all-time high. The statewide average price for a gallon of regular is now 58 cents more per gallon, than the same time last year.
But, there is one place on the Central Coast where you can expect to pay more than $5 a gallon. The Americo gas station in the tiny coastal town of Gorda, about 40 miles south of Big Sur, is selling gasoline for $5.19 a gallon for regular, and $5.39 for premium.
Despite high prices, the local gas stop grabs customers, without any competition. And according to locals, the pain at the pump isn’t over yet… as they plan to raise the prices another 20 cents in the coming weeks.
GORDA, Calif.- If you're going to be heading down the Big Sur Coastline anytime soon, you'll probably going to want to have a full tank before you leave with the price of crude oil skyrocketing. With gasoline following the same direction, the Americo gas station in Gorda, just south of Big Sur is selling premium unleaded gas for $5.39 a gallon. If you can do without premium regular's a relative bargain at $5.19.
Prices in many Bay Area cities remain above the statewide average with the price for a gallon of gas in Oakland at $3.51; San Francisco, $3.64; Salinas, $3.56; San Jose, $3.52; and Santa Cruz, $3.51. The average price for a gallon of gas in Santa Rosa sits just under the statewide average at $3.49 and in Vallejo a gallon is averaging $3.47, according to AAA.
BAY AREA, Calif.-The statewide average price for a gallon of gasoline has hit a all time high, AAA of Northern California announced Tuesday.
The average price throughout the state for one gallon of unleaded gas is $3.50, 1 cent more than the subsequent record for California, which was set in May of 2007.
"We're about 60 cents a gallon above where we were this time last year and last year was no bargain at the pump," said Sean Comey, AAA of Northern California spokesman, in a prepared statement.
"We may not have seen the worst of it yet," Comey said. "It's particularly troubling from the consumer's perspective that this is happening at this time of the year, when we often see prices that are relatively low."
OPEC will not put more oil on the global market, citing the stumbling U.S. economy as the reason for slackening demand in the near future.
The Organization of Petroleum Exporting Countries announced today that it decided not to pump more - or less - oil right now because crude supplies are plentiful and demand is expected to weaken in the second quarter.