WEATHER »

PRESS RELEASE / ANNOUNCEMENTS Monday, February 11, 2013

Santa Barbara Weekly Gas Price Update and Outlook

Average retail gasoline prices in Santa Barbara have risen 16.8 cents per gallon in the past week, averaging $4.18/g yesterday, according to GasBuddy's daily survey of 56 gas outlets in Santa Barbara.


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.

event calendar sponsored by: