Amid the threat of tariffs, the national average for a gallon of gas ticked up two cents from last week to $3.13. In California, drivers will find an average price of $4.52, a jump of seven cents from last week. Meanwhile, the national average per kilowatt hour of electricity at a public EV charging station has remained the same at 34 cents.
According to new data from the Energy Information Administration (EIA), gasoline demand increased from 8.30 million b/d last week to 8.32. Total domestic gasoline supply rose from 248.9 million barrels to 251.1, while gasoline production decreased last week, averaging 9.2 million barrels per day.
At the close of Wednesday’s formal trading session, WTI dropped $1.67 to settle at $71.03 a barrel. The EIA reports that crude oil inventories increased by 8.7 million barrels from the previous week. At 423.8 million barrels, U.S. crude oil inventories are about 5% below the five-year average for this time of year.
Fuel Prices Around the State:
Fresno: $4.44
Oakland: $4.54
Sacramento: $4.50
San Jose: $4.50
San Francisco: $4.68
Stockton: $4.37
This headline is erroneous.
The price paid today for gasoline reflects oil prices established well before Trump took office. Anyone with even a rudimentary understanding of the energy business knows this.
True, but if Biden were president Trump supporters would be blaming him, even if he was not responsible.
Biden is responsible. On day one, he attacked our nation’s energy suppliers, and on every day of his presidency, he intentionally increased inflation.
I paid $2.689 for regular at Costco here in Charlottesville, Virginia yesterday. I sure don’t miss California prices.
Drill baby drill!
Chevron on Ygnacio Valley Rd in Walnut Creek keeps price gouging. Never seen 3.13 there ever. always 4.75 and upwards…. Mean and cruel
That’s the national average, not for California.
Aunt
Chevrons tend to be owned by gougers. The one here are “Jackson’s Gas and Market” and they always have the highest prices in town. The Chevron on the south end (non-Jackson) of town is always cheaper than the “Jackson” stations.
Worked refinery construction at chevron in the mid 70s, saw the insides of pipelines carrying product around the refinery. YUCK
Martinez refinery fire has also contributed to this increase
There are no crude oil pipelines coming into California.
If world’s oil supply is disrupted, CA’s fuel prices will go up.
After Trump gets American oil production going again, prices will DROP across the country.
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“In 1982 of the crude oil California needed only 5.6% was foreign oil, 33.0% came from Alaska and 61.4% was from California wells.
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In 2023 make up of crude oil being refined in California, 60.7% was from foreign countries, 15.9% was from Alaska and 23.4% was from California wells.” .
https://tinyurl.com/2p9sf9nd
Kudos, OG. This is something that is never spoken.
Economically, pipelines are cheaper than oil tankers.
Enviromentaly, pipelines are cleaner than oil tankers.
Our govt won’t allow new refinery construction and we are left with old, dangerous refineries that are operating at 100% capacity.
Keep voting in Dems and you’ll get more of this! Every time that you fill up and complain about the prices, remember to thank yourself for voting D.
My opinion is railroads and politicians crush any idea of a crude pipeline into CA any time it is brought up.
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Transport cost per barrel by pipeline $2 to $4
Transport cost per barrel by rail tank car $12 to $14
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Rail tank car design and retrofitting of DOT 111 tank cars delayed.
‘Obama administration delays oil train safety rules’ 2013
https://tinyurl.com/5yx7be87
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‘All about the unsafe DOT-111 tank car’
https://beniciaindependent.com/all-about-the-unsafe-dot-111-tank-car/
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‘Why unsafe chemical tank cars remain on the rails after East Palestine’
https://tinyurl.com/ycye8fta
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Think Keystone . . . . . obama biden
An which contributor owns a railroad . . . .
Trump will probably issue an executive order to lower the price of gasoline and eggs within the next few days.
At least that would be trying to do something, unlike our ex-mumbler-in-chief.
You want lower gasoline prices? Allow pipelines, more refineries, and lower taxes that the Sacto crooks waste.
https://factspergallon.com/
These numbers are from 2023. Since then, the cost to the consumer (you and me) has gone up, but I can’t find today’s numbers. To summarize the 2023 numbers:
Total cost added per gallon at the pump- $1.33. This includes Federal taxes, State taxes, and a whole lot of additional fees. The Fed gets 18 cents, the State gets 59 cents (tax) 56 cents goes to a bunch of other stuff. We are all getting soaked.
So instead of snarky replies, maybe you’ll remember to be happy with how much you are paying and congratulate yourself on your vote to spend more at the pump.
Tariff concerns = concerns about governmental policies raising the gas price. I guess we know whose policies are to blame…
Can we agree that if it was Biden’s fault before, it’s the current administration’s fault now?
Probably not; I’m guessing it’ll be a lot of ‘but it’s this, but it’s that.” The most significant problem isn’t even a few cents more for gas. Please wait until we see what Musk and the government will do with all of our private information they are retrieving from the treasury department with no oversite…
You have access to our kids minds… and get paid for it?
I 100% do have access to my students’ minds. I promise you this. I will teach them how to think, not what to think. They will find corroborating sources for any news article they come across in class or ones that I provide and decide for themselves the credibility of those sources.
If only all Americans did that…
MDUSD Teacher,
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So, you’re basically telling your students to believe what they want to believe, and not to believe what’s factual.
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Last week you posted a comment about President Obama which said, “He also took military actions, like the intervention in Libya, without congressional approval.” Have you told your students this same thing about President Obama? President Obama actually used the 2001 Authorization for Use of Military Force (AUMF), which was passed by Congress, in order to take military action in Libya.
Between OPEC, our state & federal government, our oil refining companies, our state & federal government, unscrupulous retailers and our state & federal government…..some of them and/or all of them dicking around with taxes, environmental regulations, production levels, politics and prices, we the consumers are being fleeced.
As usual.
I wonder if today’s parents still teach their kids that “Cheaters never prosper”?
What a load of crap that is!
…. another broken campaign promise by Newscum … many times he said how he was going to get under the big oil price gouging in CA and bring price parity to us … yeah right…. just like his promise to kill the high speed rail to nowhere… looks like Trump may do that finally ….
$0.30 in 3 weeks at the Unical I go to here in Carson City. Was $3.09 when I filled on 1/18 and I filled this past Wed 1/5 and it was $3.39.
Perhaps now people might realize the the POTUS can not dictate the price of gas or eggs.
Donald Trump did this. Thank you snookered Trump voters.
Also waiting for grocery prices to go down…
Stop your lying, Concord Guy!
It was our Governor who just raised our gas taxes, not our President.
I am with concord guy it is Donald Trump that will not lower the gas price down nor the egg prices down and I believe it
That’s called projection, Concordjet. Newsom and Biden have already intentionally raised the price of fuel. Trump is already working to increase supply and bring prices down.
Trump forgot to raise Tennessee gas prices, then. We’re still paying $2.40/gal here.
One of the many reasons I’m moving out of the state this year. With the socialists in charge, California
will ultimately fail, and I’m sure that’s what they want. Can’t wait to leave.
If you are taking a road out of California, you can thank American socialism.
“The Song “Route 66” is an homage to American individualism and
the joys of the open road. Few may realize that it is also an homage to
American socialism and the possibilities of individualism and freedom
that such socialism permits. For Route 66, that winding ribbon of pre- interstate highway that runs from Chicago through Missouri, Oklahoma, Texas, New Mexico, Arizona, and into California is a product of government action, its asphalt and right-of-way paid for by the various states on its path, with help from the federal government. It was not an easy task and is emblematic of the decades-long work to construct a national road network. It’s also emblematic of the tortured relationship
Americans have with government. Most importantly, it exemplifies how individualism and government are not in conflict. In fact, the latter can empower the former.”
Alex Marshall,” A Socialist Paradise: The American Road System,” in The Surprising Design of Market Economies, University of Texas Press, 2012. DOI: https://doi.org/10.7560/717770-014
I really hope that your classroom instruction is more riveting than your posts.
No wonder our schools are failing.
I tried to be more riveting, but oftentimes, one must bring oneself down to the level of the discourse.
@MDUSD T.
Bobby Troup wrote “Route 66″ because back in 1946 as he and his family were driving from Chicago to Los Angeles his wife said ”Why don’t you write a song about Route 40,'” “And Bobby said, ‘Well, that’s really kind of silly, because we’re going to pick up Route 66 right outside of Chicago and then take it all the way into Los Angeles”
”Get your kicks on Route 66.’ She said, and Bobby replied ”God, that’s a marvelous idea for a song.”
He did not write the song to honor or celebrate anyone and I can pretty much guarantee that he and the people who actually built (or rather mostly “connected” a number of existing roadways) to create Route 66 were not motivated by socialism or anything else other than money.
Bobby Troup and Nat King Cole (who recorded it) never discussed any need for socialism or paid homage to the workers who built the highway either.
You said “Few may realize that it is also an homage to
American socialism and the possibilities of individualism and freedom
that such socialism permits”
Damn few realize it…. that’s because it isn’t, it’s just a fun song about a long drive on a long road.
Your fantasy of freedom and individualism permitted by socialism is just that, a fantasy… a left wing, democrat, socialist fantasy.
I pity the MDUSD students.
*
https://genius.com/Bobby-troup-get-your-kicks-on-route-66-lyrics
Julie London.
My post was a quote from a scholarly journal that used the song as a metaphor for American socialism; it was not to imply the song was written as an homage to socialism.
At least we don’t have to worry about pronouns any more.
Also, we’re producing more Oil and Gas than ever before: https://alaskabeacon.com/2024/09/11/under-both-trump-and-biden-harris-us-oil-and-gas-production-surged-despite-different-energy-goals/
Raising the price to the consumer, today, …
because the cost to the seller could, maybe, MIGHT go up at some point — in the future?
That’s THEFT!
I disagree with this article associating the deferred tariffs with rising gas prices.
It’s more or less a typical seasonal increase… not tariffs.