Gas prices are soaring in California in a classic example of supply and demand after an explosion stopped gasoline production at an Exxon Mobil refinery while another remains offline due to labor unrest.
The five-member State Board of Equalization voted unanimously to cut the state gasoline tax from 36 cents to 30 cents a gallon. The decrease takes effect in July, though Californians may not see a difference at the pump because of other factors affecting gas prices.
The five-member tax board will vote to lower the excise tax rate from 18 cents to 10.5 cents at its Feb. 24 meeting in Culver City. The agency’s staff is recommending the tax cut because of falling gas prices.
She says the city of Modesto pointed the finger at its contractor Galton Solid Waste. She says Galton pointed her back to the city for billing issues. So why is this fuel charge still on the bill?
The average price of a regular gallon of gas dropped 13 cents in the past two weeks to $2.07, but it could soon rise.
At a Bonfair gas station in Fairfield, the price recently dropped to $1.97. The Arco up the road says it plans to do the same next week to stay competitive.
The average price of regular gasoline nationwide has dropped 27 cents a gallon in the past three weeks, to $2.20.
Nationally, a gallon of regular gas costs $2.19. In California, that moves to $2.65, and locally $2.53 in Sacramento, $2.52 in Stockton and $2.48 in Modesto.
This holiday season, shoppers are delighted to see gas prices plummeting much lower than they were this time last year.
Yes, you’re reading that right. At one gas station in Sacramento, prices for regular unleaded have dipped below $3.
With 41 million Americans expected to travel this year, highways and airports will be packed with travelers looking to take advantage of the 3-day weekend.
The average price per gallon of regular gasoline in the U.S. has dropped 3 ½ cents over the past two weeks.