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Summer Gas Prices Increase; California Leading With Highest in U.S.

Summer Gas Prices Increase; California Leading With Highest in U.S.

Wednesday, June 15th, 2016
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Gas prices went up over the past weekend due to the cost of crude oil creeping up the past few weeks AAA reported.  As Americans get set for summer travels, prices are increasing going up. The price of crude oil increased after a couple of unexpected disruptions in production. The cost of a barrel of crude oil increased by over $13 which a increase as little as $1 can manifest itself as a nearly 2.5 cent per gallon increase to consumers.

The National average is $2.38 with California leading the nation for gas cost with the average price being $2.86. Gas prices went up nearly 16 cents this month, which is still over 40 cents below the average just last year. ExxonMobil in Torrance, California will be reopening production of two units this week which should provide some relief.

Regardless of the dislike of the increase, prices are not even close to nearing the $4.67 average in October 2012.

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