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What goes up must come down

Gas prices finally fall at Santa Clarita Valley gas stations

Posted: July 25, 2008 1:23 a.m.
Updated: September 25, 2008 5:01 a.m.

Puneet Saroya watches the dollars quickly rack up on the counter at the Chevron gas station in Santa Clarita on Thursday. His Hyundai Elantra gets 35mpg and costs him $52 to fill up - compared to $35 a tank last year at this time.

The pain at the pump has eased a little in the past weeks as gas prices in the Santa Clarita Valley have decreased, reflecting the slide down in the price of oil.

On Thursday, the average for a gallon of regular unleaded was $4.37, according to a gas survey conducted by Randy Cressall, owner of Valencia Auto Spa.

The number is a 20-cent change from two weeks ago when the average price was $4.59.

The national average for a gallon of regular unleaded also decreased to $4.02, according to the Auto Club AAA, the Oil Price Information Service and Wright Express.

Even though the price of gas has retreated, finding the cheapest gas station in the local area depends on whether a driver wants to pay cash or credit.

Cressall’s survey shows that around a half a dozen local gas stations are offering a cash price for their gasoline, which is often a dime cheaper than the regular price.

Those who want to pay cash can find the cheapest rate at the Valero station on Lyons Avenue where a gallon of regular unleaded is at $4.21.

However, American Gas on Lyons Avenue and Fourl Road is selling a gallon of regular unleaded for $4.17, the lowest price overall.

The most expensive gas, according to the survey, is at the Mobil station on Lyons Avenue, near the Interstate 5 exit. The cost of a gallon of regular unleaded is at $4.49.

The change in local gas prices relates to a recent decrease in the cost of oil. The price for a barrel of oil on the New York Mercantile Exchange was about $125 on Thursday and represents a decrease of more than $20 after hitting a record above $147 nearly a month ago.

The Associated Press contributed to this report.


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