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Gas Price Spike Slows Slightly

By Joe Benton
ConsumerAffairs.com

March 23, 2007

• Labor Day Gas Prices Up a Penny • Gas Prices Fall for 37 Days • Gas Prices Slide 8 Percent from Record • Gas Prices Creep Down • Oil Price Trend May Be Good News For Consumers • Gasoline Drops Below $3.90 a Gallon • Gas Prices Pull Back Slowly • Oil Prices Fall As Storm Misses Rigs • Latest Gas Price Round-Up • 'Run Your Car On Water' Scheme Could Leave Consumers All Wet • Unregulated Energy Trading Blamed for Much of Gas Price Gusher • Airlines Join Effort To Limit Oil Speculators • Questions Raised about MyGallons.com • 'Hypermiling' Is Dangerous, Says AAA • Struggling Drivers Blame Washington for High Gas Prices • What’s Really Fueling Those Sky-High Oil Prices • Credit Card Fees at the Pump are a 'Hidden Tax' on Consumers • Survey: 3 Out of 4 Angry About High Gas Prices • $2 A Gallon Gas Possible, Analysts Tell Congress • Speculators Buy More Oil Contracts Than Oil Companies • Saudis to Pump More Oil • Limiting Oil Speculators Gains Ground • Congress To Probe Oil Price Spike • Oil Market 'Saturated,' Iran Claims • Feds See No Relief from High Gas Prices • High Gas Prices Could Mean Lower Insurance Rates • High Gas Prices Good For Kia, Honda • Gas Prices Rip Past $4 and Keep Climbing • Administration, OPEC See Different Causes Of Oil Surge • Feds Probing Possible Oil Market Manipulation • Beware of Fuel Sippers Sipping High-Test • Retailers Respond to High Gas Prices with Discounts, Promotions • Rushing Into a Smaller Car Too Soon May Not Save Money • Hybrid Sales and Prices Climb in Lockstep with Gas Prices • Truckers Bemoan Burden of High Diesel Costs • Gas Prices Biting into Worker Productivity • Consumers Warned About Gas-Saving Schemes • Is Tony Soprano Controlling Gas Prices? • Oil & Gas: The New Bubble • Critics: New Federal Gas Mileage Standard Falls Short • Consumers Feeling Pain of Skyrocketing Gas Prices • New Gas Price Record Forecasts Expensive Summer Driving Season --- • More ...

Gasoline prices are up just 3 cents for the week but the cost of a gallon of regular has settled in above $3 in California and San Francisco reports the highest average gasoline price in country at $3.54.

The average price for a gallon of regular gasoline in California is now $3.16.

Regular gasoline is selling for an average of $2.58 across the country. Mid-grade gasoline is at $2.74 a gallon and premium gasoline sells for $2.83 a gallon.

The average price of diesel fuel is down a penny for the week a $2.74 a gallon.

Drivers in Needles, California are paying the most for at $3.59 a gallon for regular unleaded. In Casper, Wyoming drivers can buy a gallon of regular for $2.

Here is a look at some prices from around the country in the weekly ConsumerAffairs.com Gas Price Round Up.

Arizona: AAA is warning of the possibility of more $3 a gallon gasoline this summer.

AAA Arizona spokeswoman Linda Gorman said the benchmark is looking more likely for a second straight year in Arizona, California, Oregon and Washington.

Gas prices topped $3.10 a gallon in Los Angeles last week.

Gas prices in Arizona continue to rise because of strong demand for fuel by consumers and seasonal refinery conversions to summer gasoline blends.

Arizona drivers are paying $2.71 a gallon for regular unleaded, an increase of almost 8 cents over last week and a 42 cent jump in the last month.

Scottsdale drivers continue to bear the brunt of the states high prices with the highest prices in the state at $2.78 a gallon.

In Tucson, drivers are getting the best deal at $2.62 for regular self-serve.

Oregon: Average gasoline prices on the West Coast remain the highest in the nation, but AAA said Oregon could avoid the peak of prices seen last spring.

The current statewide average price is almost 37 cents higher than a year ago. The national average is only a nickel higher than last year.

West Coast prices, according to AAA could peak at or above the $3 threshold as a result of demand outpacing supply capabilities.

Texas: Gas prices were mixed this week at Texas pumps. AAA reports regular-grade prices were up an average of 2 cents to $2.43 a gallon.

Prices actually fell a penny in Beaumont to $2.37. The average price for a gallon of regular gasoline dropped 3 cents in Dallas to $2.43.

Auto club spokeswoman Rose Rougeau said that future price trends will depend on how easily refiners make their switch to summer blends and how strong consumer demand continues.

The costliest gas in the Texas survey was in Amarillo, where regular grade rose 5 cents to$2.56. The cheapest is found in Corpus Christi at $2.36.

Maryland: Gas prices in Maryland have hit their highest levels in six months and AAA Mid-Atlantic suggest the surge could alter the driving habits in the state.

Marylanders are paying an average price of $2.54 for a gallon of regular gasoline. That price is 32 cents more than last month and 18 cents more than prices on March 1.

The average price in Maryland last reached $2.54 on September 18, 2006.

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