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Double-Digit Pump Price Increases Caused By Investment, Arizona Supply Squeeze

empty fuel gauge

Southern California gas prices posted their largest weekly price increase of the year as the Texas deep freeze diverted fuel output from local refineries to make up for supply shortfalls in Arizona, according to the Automobile Club of Southern California’s Weekend Gas Watch. Today’s retail statewide average is $3.63 a gallon for regular unleaded, which is 13 cents higher than last week.

The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $3.71 per gallon, which is 14 cents higher than last week, 31 cents higher than last month, and 14 cents higher than last year. In San Diego, the average price is $3.68, which is 13 cents higher than last week, 30 cents more than than last month, and 13 cents higher than last year.

On the Central Coast, the average price is $3.64, which is 14 cents higher than last week, 29 cents higher than last month, and eight cents higher than last year.  In Riverside, the average per-gallon price is $3.63, which is 14 cents higher than last week, 30 cents higher than last month, and 15 cents higher than last year. In Bakersfield, the $3.52 average price is 12 cents higher than last week, 22 cents higher than last month, and one cent lower than a year ago today.

“While California refineries receive no oil supply from Texas, they do supplement gasoline supply to Arizona, and the Texas refineries’ temporary closure has diverted some California gasoline production to Arizona,” said Auto Club spokesman Jeffrey Spring. “This is likely a temporary issue, but since we are in the typical season of local price increases, we’ll have to see if local demand will support these higher prices  when the crisis is over.”

The Weekend Gas Watch monitors the average price of gasoline. As of 9 a.m. on Feb. 25, averages are:

Feb 25

 

Media Contacts

Marie Montgomery
(714) 885-2333
Montgomery.Marie@aaa-calif.com
Jeffrey Spring
(714) 742-7754
Spring.Jeffrey@aaa-calif.com
CST 1016202-80 Copyright © Automobile Club of Southern California. All Rights Reserved.
The Automobile Club of Southern California is a member club affiliated with the American Automobile Association (AAA) national federation and serves members in the following California counties: Inyo, Imperial, Kern, Los Angeles, Mono, Orange, Riverside, San Bernardino, San Diego, San Luis Obispo, Santa Barbara, Tulare, and Ventura.