Get ready, drivers: Gas prices in the region tip $3 mark

Cheapest gas in Orange County

$2.63: Super 8, 1101 W. Commonwealth, Fullerton

$2.65: Costco locations in Fullerton and Cypress

$2.67: Sam’s Club in La Habra; SC Fuels, 1431 N. Raymond Ave., Anaheim

$2.68: Arco, 1000 N. Harbor Blvd., Fullerton; Ralphs in Fullerton

$2.69: Costco locations in La Habra, Garden Grove and Yorba Linda; Arco locations: 3101 E. La Palma Ave., Anaheim; 1700 W. La Palma Ave, Anaheim; 770 N. East St., Anaheim; and 2840 E. Imperial Hwy. in Fullerton

$3.49: Shell, 2331 E. Katella Ave., Anaheim

$3.39: 25491 Alicia Pkwy., Laguna Hills

$3.34: Chevrons at 5002 Edinger Ave., Huntington Beach, and 22952 Pacific Park Drive, Aliso Viejo

*information courtesy of GasBuddy

An increase in oil prices and the upcoming implementation of California’s proprietary summer blend has pushed gas above an average $3 a gallon across much of Southern California.

In Orange County on Monday, a gallon of regular gas cost an average $3.05, up 22 cents in a month and 57 cents in a year. In the Los Angeles-Long Beach area, gas ticked up to $3.04, a 20-cent rise in a month and 54 cents in a year. In Riverside-San Bernardino, gas neared $3, hitting $2.96, up 17 cents in a month and 60 cents in a year.

The last time gas was priced above $3 a gallon was October 2015. Motorists have gotten so comfortable with low gas prices, they’ve been buying more SUVs and trucks and are more likely to hit the road for the holidays.

The price of crude oil has been creeping upward from record lows. In trading Monday, oil hovered at $54 a barrel, $10 more than a year ago.

GasBuddy petroleum analyst Allison Mac attributed the increase to OPEC, which in November agreed to hold back production. Gas prices, she said, will likely rise 40-70 cents a gallon by peak season in mid-May.

Also helping to drive up gas prices is the seasonal switch to summer blend gasoline from the winter concoction. Summer blend costs 8-12 cents a gallon more to make. The blend is less likely to…

Read the full article at…

Leave a Reply

Your email address will not be published. Required fields are marked *