This compares with the national average that has increased 5.7 cents per gallon in the last week to $3.55/g, according to gasoline price website GasBuddy.com.
Including the change in gas prices in Santa Barbara during the past week, prices yesterday were 25.2 cents per gallon higher than the same day one year ago and are 42.5 cents per gallon higher than a month ago. The national average has increased 28.2 cents per gallon during the last month and stands 7.2 cents per gallon higher than this day one year ago.
“If anything positive came about as a result of Winter Storm ‘Nemo’ it may be that the resulting ‘demand destruction’ seems to have flattened out the rate at which prices had been increasing in the Northeast and the Midwest too,” said Senior Petroleum Analyst Gregg Laskoski. “On the west coast motorists are less fortunate. With western refineries producing at 75% capacity (less than any other region), California has seen its average price increase by 14 cents per gallon over the past week; doubling the rate of increase over the same period for the rest of the country.”
About GasBuddy:
GasBuddy operates SantaBarbaraGasPrices.com and over 250 similar websites that track gasoline prices at over 140,000 gasoline stations in the United States and Canada. In addition, GasBuddy offers a free smartphone app which has been downloaded over 25 million times to help motorists find the lowest gasoline prices in their area.
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Comments
Once again, the oil company GREED GENE displays its proud black tail.
Draxor (anonymous profile)
February 13, 2013 at 10:29 a.m. (Suggest removal)
Yup, when prices go up, it's always the evil oil companies or Wall St. speculators that are to blame. When prices go down the complainers are strangely silent.
Botany (anonymous profile)
February 13, 2013 at 1:09 p.m. (Suggest removal)
Well who do you think is responsible for the price surges Botany?
Can't debunk something without providing an alternate explanation.
Dwindling supply is the most obvious and main reason, but Wall St. speculators and tax payer funded oil companies are also accountable. Meanwhile lip service is given to alt energies but nobody has the guts to pull the plug on the old one.
Ken_Volok (anonymous profile)
February 13, 2013 at 1:24 p.m. (Suggest removal)
plus with fracking oil supplies have been steadily INCREASING! Yes, Calif refineries will claim they have to blend our special gas, but so often they go offline for repairs and so on...they are gouging us.
DrDan (anonymous profile)
February 13, 2013 at 1:58 p.m. (Suggest removal)
They especially hate Santa Barbara because of our environmental standards.
Ken_Volok (anonymous profile)
February 13, 2013 at 2:07 p.m. (Suggest removal)
KV -Well who do you think is responsible for the price surges Botany?
Food and energy have always been more volatile than other commodities. That's a historical fact. That's why the core CPI is often used as an indicator, because the food and energy component is too volatile.
Certainly, OPEC and the US Federal Reserve also have a role to play. The price of oil based in gold is pretty much the same as it was 20 years ago.
Some fossil fuels are way down. Look at the price of natural gas. (which is partially due to the success of fracking)
http://futures.tradingcharts.com/char...
Many liberals like to demonize first and ask questions later. Oil companies and Wall St. are at the top of their list.
Botany (anonymous profile)
February 13, 2013 at 3:12 p.m. (Suggest removal)