Gasoline prices are below $2.51 per gallon across the USA except in California. California has a refinery strike and a special California only blend of gasoline. Drivers across the USA are paying $2.33, which is 29 cents more than the $2.04 of a month ago.
California had a refinery fire at the Exxon Mobil plant in Torrance and a strike that’s closed down a Martinez refinery.
Gasoline prices hit an average of $3.03 a gallon Wednesday, the first time they’ve exceeded $3 since Christmas. And while the current level is still far below the $3.80 price a year ago, significant hikes are expected in the days ahead. Some gas stations in the Bay Area are charging in the $3.50 range for regular unleaded.
Nextbigfuture had reported back in October, 2014 that gasoline would be in the $2.50 range for 2015 and possibly decades beyond.
SOURCES -EIA, Mercury News, ABC7 News
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
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