logo
Gas in California is $1.65 more than the national average. See the rise in gas prices

Gas in California is $1.65 more than the national average. See the rise in gas prices

Yahoo15-02-2025
Near-record low inventories and a refinery fire in northern California at the start of February have led to an increase in gas prices in Southern California, according to the Auto Club's Weekend Gas Watch.
'California refinery production of gasoline was already low when a major fire at the Martinez PBF refinery on Feb. 1 took it offline indefinitely, creating a surge in wholesale gasoline prices,' said Auto Club spokesperson Doug Shupe in the news release. 'Although Southern California does not receive gasoline from the affected refinery, some supply from our area may be shifting to cover shortfalls in Northern California, which is experiencing even steeper pump price increases.'
These factors have caused Southern California's average gas prices to increase by more than two cents a day over the past week in most areas, said the auto club's gas watch.
But the increase in gas prices isn't just being felt in California. Arizona has also seen prices creep up partially due to the fire at Martinez Refining Company in Contra Costa County as well, the Arizona Republic reported.
The average gas price in California is $4.82 on Friday at 10 a.m., according to AAA's fuel prices. That's about a 27-cent increase from a week ago and a 44-cent increase from a month ago.
Last year, the average cost of gas in California was $4.63.
The auto club's gas watch compiled the average gas price for select California areas. See the average price of gas throughout California as of 9 a.m. on Thursday:
San Diego: $4.76, a 16-cent increase from a week ago
Ventura: $4.76, a 14-cent increase from a week ago
Los Angeles-Long Beach: $4.75, a 16-cent increase from a week ago
Orange County: $4.73, a 18-cent increase from a week ago
Santa Barbara: $4.71, a 15-cent increase from a week ago
San Bernardino: $4.63, a 17-cent increase from a week ago
Riverside: $4.62, a 17-cent increase from a week ago
Bakersfield: $4.61, a 23-cent increase from a week ago
The average cost of gas nationally is about $3.17 as of Friday at 10 a.m., according to AAA fuel prices. It's about three cents higher than a week ago and $1.65 less than California's average.
GasBuddy is one option if you're looking for more affordable gas near you. According to GasBuddy, gas is less than $3.80 at various gas stations across the state, from San Jacinto in Southern California to Lemoore in central California.
You can search by major areas or counties to see where users find lower gas prices.
For example, one user recorded that gas was $3.89 at the Horizon Fuel Center in Valley Center in San Diego County.
Paris Barraza is a trending reporter covering California news at The Desert Sun. Reach her at pbarraza@gannett.com.
This article originally appeared on Palm Springs Desert Sun: How much did gas prices go up in California? See the average cost
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Gas prices near lowest level in 4 years ahead of Fourth of July

time3 hours ago

Gas prices near lowest level in 4 years ahead of Fourth of July

Gas prices are hovering near their lowest summer level in four years as millions of people ready themselves to hit the roads over the Fourth of July holiday weekend. The national average for a gallon of gas on Thursday stood at $3.16, which amounts to a nearly 10% decline from a year ago, AAA data showed. Gas prices dropped in recent weeks as crude oil erased a spike set off by the outbreak of war in the Middle East. Twenty states boast average gas prices below $3, spanning from New Mexico to Missouri to South Carolina. Mississippi, the state with the nation's lowest gas prices, offers drivers an average gallon for $2.71. More than 61 million people are expected to travel by car over the July 4 holiday, AAA forecasted. "The lower gasoline prices provide welcome relief for travelers," Timothy Fitzgerald, a professor of business economics at the University of Tennessee who studies the petroleum industry, told ABC News. Cheap crude oil is the main driver of low gas prices, analysts told ABC News. The U.S. West Texas Intermediate futures price -- a key measure of U.S. oil prices – has plummeted more than 17% since a recent peak in January. Oil prices have dropped as forecasters predicted a slowdown in global economic growth, which would slash demand for oil. Meanwhile, the alliance of oil-producing countries known as OPEC+ has increased output in recent months, boosting supply. The extra oil on the market has helped accommodate an annual surge in demand that takes hold over the summer traveling season, Aixa Diaz, a spokesperson for AAA, told ABC News. "Most of what we pay at the pump is in direct correlation to the price of crude oil," Diaz said. Crude oil prices surged as war broke out in the Middle East last month, but prices have returned to where they stood before the recent conflict between Israel and Iran. "The resolution in the Middle East does help," Patrick de Haan, the head of petroleum analysis at GasBuddy, told ABC News. President Donald Trump has touted the low gas prices on numerous occasions since he took office. "We have everything down at levels that nobody ever thought possible," Trump said in a social media post in April. Speaking at an event in Ochopee, Florida, on Monday, Trump claimed gas prices had fallen below $2 per gallon in five states. GasBuddy, which tracks prices at thousands of gas stations nationwide, found zero locations offering gasoline below $2 per gallon, de Haan said in a post Monday on X. That remained true as of Thursday, de Haan told ABC News. Trump could be referring to wholesale gas prices but such price levels hold little relevance since they are not paid by consumers, de Haan said. "This does not pass the sniff test," de Haan added. Gas prices will likely remain at current levels over the remainder of the summer -- and they may even drop lower, some analysts said. Gas supply typically increases over the course of the summer, alleviating price pressures, they added. Still, prices could rise in the event of a geopolitical conflict, disruptive hurricane season or major oil refinery outages, de Haan said, adding the national average price for a gallon of gas could drop below $3 by September. "It could happen if we don't see any of those caveats," de Haan said. "If it's a normal year."

Michigan road construction takes a break for Fourth of July weekend
Michigan road construction takes a break for Fourth of July weekend

CBS News

time3 hours ago

  • CBS News

Michigan road construction takes a break for Fourth of July weekend

Road officials from Oakland County and the state of Michigan have announced they are suspending construction work for the Fourth of July holiday weekend. This is expected to be a record holiday travel weekend in Michigan, with AAA estimating more than 2 million Michiganders will travel 50 miles or more. The intention for suspending work in the road construction zones is to provide safer, less congested travel during the peak traffic times. "Across Michigan, we are moving dirt and fixing the damn roads to grow our economy, helping Michiganders go to work, drop their kids off at school and run errands safely," said Gov. Gretchen Whitmer in a statement. Oakland County road construction The Road Commission of Oakland County said it is halting projects on July 3 and will resume on July 7 in most of its work zones. However, the following roads and bridges in Oakland County will remain closed: · Dequindre Road, 23 Mile Road to 24 Mile Road/Parkdale Road on the Rochester, Rochester Hills and Shelby Township border. · Kent Lake Road/Silver Lake Road intersection. · Martindale Road bridge over the Novi-Lyon Drain between Pontiac Trail and 12 Mile Road in Lyon Township. · Spaulding Road bridge over the Novi-Lyon Drain, just north of 11 Mile Road in Lyon Township. · 12 Mile Road, Inkster Road to Autumn Ridge Road (just east of Middlebelt Road) in the Farmington Hills border. Michigan highway construction The Michigan Department of Transportation is removing lane restrictions on 110 road projects out of 179 that are currently active, with some needing to stay closed for safety reasons. Roads in the Upper Peninsula, Northern Lower Peninsula, West Michigan, Southwest Michigan, Central Michigan and the Thumb, Southern Michigan, and Metro Detroit are set to reopen for a short period of time. State crews then plan to resume construction on July 7. For the latest information regarding MDOT construction and lane closures, go to the MI Drive website.

ETFs to Tap July 4 Spending and Travel Trends
ETFs to Tap July 4 Spending and Travel Trends

Yahoo

time4 hours ago

  • Yahoo

ETFs to Tap July 4 Spending and Travel Trends

The Fourth of July, a cherished American holiday marked by barbecues, fireworks and patriotic festivities, may see subdued celebrations this year as rising costs due to tariffs, inflation and a higher cost of living deter some consumers. However, travel is expected to surpass last year's levels. Total consumer spending for the Fourth of July holiday is expected to reach $8.9 billion, down from $9.4 billion in 2024, according to the National Retail Federation. About 86% of Americans plan to celebrate and spend an average of $92.44 per person this Independence Day, up from $90.42 in 2024. Cookouts, barbecues and picnics continue to be the most popular activity (61%), followed by fireworks and community celebrations (41%). About 13% will travel and 12% will attend a parade. As such, Independence Day marks the beginning of the busiest half of the year for retailers. Many retailers are already flashing exciting deals for the Fourth of July, and massive discounts are in the cards for this day (read: 5 Top-Ranked ETFs of 1H25 Poised to Stay Strong in 2H). Travel is in full swing, with the July 4 week expected to be the busiest ever. AAA projects about 72.2 million people to travel 50 miles or more from home on the weekend (June 28-July 6), up 1.7 million from last year. Of them, a record 61.6 million people are expected to hit the road in the Independence Day week, 5.84 million will fly and 4.78 million are expected to travel by other modes of transportation, including buses, cruises and trains. Low gas prices are encouraging more drivers to hit the road. The national average price of gasoline is expected to be $3.15 per gallon on the Fourth of July, the cheapest gas price for the holiday since 2021, according to Gas Buddy. However, a round-trip domestic flight is 4% expensive than last year, averaging $810, per AAA. Independence Day will be a celebration not just of freedom, but also of economic vitality. Fueled by patriotic spirit, the holiday is expected to boost revenues and profits across multiple sectors. Industries such as travel & leisure, lodging, hospitality, restaurants, and retail are poised to benefit the most. Investors aiming to capitalize on this growth can consider exposure through the following ETFs. AdvisorShares Restaurant ETF (EATZ)AdvisorShares Restaurant ETF is an actively managed fund offering focused exposure to the global restaurant and foodservice industry. It holds 26 securities in its basket with a modest concentration on the top firms. AdvisorShares Restaurant ETF has gathered $3.7 million in its asset base. EATZ charges 0.99% as annual fees and trades in an average daily volume of 1,000 shares. ETFMG Travel Tech ETF (AWAY)ETFMG Travel Tech ETF is the first ETF that offers direct access to the technology-focused global travel and tourism industry. It follows the Prime Travel Technology Index, charging investors 75 bps in annual fees. ETFMG Travel Tech ETF holds 30 stocks in its basket, with American firms accounting for 36%, followed by 16.4% share in Australia and 13.8% in China. It has accumulated $47.5 million in its asset base and trades in an average daily volume of 7,000 Vectors Retail ETF (RTH)VanEck Vectors Retail ETF provides exposure to the 26 largest retail firms by tracking the MVIS US Listed Retail 25 Index, which measures the performance of companies involved in retail distribution, wholesalers, online, direct mail and TV retailers, multi-line retailers, specialty retailers and food and other staples retailers. VanEck Vectors Retail ETF has amassed $246.2 million in its asset base and charges 35 bps in annual fees. It trades in a lower volume of 5,000 shares a day on average. VanEck Vectors Retail ETF has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook (read: Consumer Rebound Boosts Outlook for Discretionary ETFs).AdvisorShares Hotel ETF (BEDZ) AdvisorShares Hotel ETF is actively managed and provides exposure to the global hotel and travel-related services. It holds 30 stocks in its basket, with American firms accounting for about 90% share in the basket. AdvisorShares Hotel ETF charges 99 bps in annual fees and trades in an average daily volume of 1,000 shares. It has amassed $2.7 million in its asset base. U.S. Global Jets ETF (JETS) U.S. Global Jets ETF provides exposure to the global airline industry, including airline operators and manufacturers from all over the world, by tracking the U.S. Global Jets Index. The product holds 50 securities, with American firms accounting for 76% of the assets, followed by Canada, Singapore and Spain. U.S. Global Jets ETF has gathered $819 million in its asset base while seeing a heavy trading volume of nearly 4 million shares a day. It charges investors 60 bps in annual fees and has a Zacks ETF Rank #1 (Strong Buy) with a High risk outlook. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Amplify Travel Tech ETF (AWAY): ETF Research Reports VanEck Retail ETF (RTH): ETF Research Reports U.S. Global Jets ETF (JETS): ETF Research Reports AdvisorShares Restaurant ETF (EATZ): ETF Research Reports This article originally published on Zacks Investment Research ( Zacks Investment Research

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store