California Gasoline at $5 and Higher; Governor to the Rescue

A quick trip around the block this morning revealed rapidly rising gasoline prices at several stations in California. Last week, locals could buy a gallon of regular gasoline for $3.95 at BP/ARCO AmPm, but the price has jumped to $4.59, a 64-cent increase, in just a few days.

Man stands waiting for an Orange County Transportation Authority bus, oblivious to the high gasoline prices at the 7-Eleven convenience store behind him in Garden Grove, Calif. Robin Kemker/The Epoch Times

GARDEN GROVE—A quick trip around the block this morning revealed rapidly rising gasoline prices at several stations in California. Last week, locals could buy a gallon of regular gasoline for $3.95 at BP/ARCO AmPm, but the price has jumped to $4.59, a 64-cent increase, in just a few days.

Premium gasoline is at $4.79 per gallon, while the 7-Eleven around the block is selling premium for $4.999 per gallon. Other areas in the state are still higher.

Price at the Pump Up, Crude Oil Down

The spike is not from an increase in crude oil prices—the cause is quite the opposite. According to Charles Langley’s end-of-May blog at FuelTracker.com, “Brent Crude—down ten cents a gallon in the last week and poised to bellyflop below $100 a barrel (trading at $102 this AM).”