Fuel Prices Drop Nationwide, California Sees Spike

By Paul Riegler on 6 October 2012
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California became the most expensive state in the U.S. to fill your tank when the price of gasoline increased overnight by over 20 cents per gallon yesterday.  On average, Californians were paying $4.49 per gallon for regular gasoline but some stations were charging more than $5.

The increase followed an Exxon-Mobile oil refinery shutdown on Monday due to a power failure. The refinery has since resumed operations.  A Chevron refinery suffered a fire in August and that refinery has not yet been able to restore full production.

Nationwide, gasoline and diesel fuel prices fell last week, according to the latest figures from the U.S. Energy Information Administration.  Currently, the average gallon of regular unleaded gasoline averages $3.804, down $0.022 in the past week, and diesel is at $4.079, down $0.007.

The Gulf Coast region currently has the lowest price for gasoline, at $3.555 per gallon, while the lower Atlantic states and the Gulf Coast region are almost tied for the lowest price for diesel at $3.995 and $3.999 respectively.

(Photo: Jonathan Spira)