Regular was $3.39 today in Richmond. Way down compared to last month.
Yeah we (Phoenix) are getting dragged along for the ride with Los Angeles, where it's over $6/gal again. I'm not used to prices going up after Labor Day, but maybe that SPR release is slowing down or something. I can't find any hard data on exactly how the SPR's releases have been timed but the trend since Labor Day has been up for sure.Gas jumped this week from 4.29 to 4.59 here. Noticed some stations were at 4.99 on my way to work this morning. Location is the East valley of Phoenix.
Biggest factor over the next two months will be the strategic petroleum reserves. Massive oil releases from the reserve (about 1 million barrels a day) are what brought gas prices down between June and now. Those are set to end in November. It's possible they could be extended. though there's only enough in the reserve to extend for another 8 months or so at this rate.With Russia going full conscript to make some sort of last effort in Ukraine, plus the below, I think the market is just reacting to more geopolitical chaos.
We are sitting at a low of about $3.30 (87) here right now.
I'm seeing this mentioned as a driver of the sudden west coast price hikes. Planned refinery maintenance, unfortunate timing.Gas prices have been on the rise in California, which unfortunately is dragging Arizona with it. What felt like only a week after I was happy to see $3.99 at my local station, it's $4.25 now and apparently it's not just my nearest station. Prices skyrocketed here in the last week in particular.
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OK so it might sound like garbage to you but is it really garbage? Seems to me a pretty easy thing to verify....or not. And it's only happening on the west coast, not midwest or east."Refinery maintenance" sounds like garbage to me because actual gasoline demand is lower than last year. There should be spare capacity since demand's been lower all summer long, but whatever.