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Gas prices take a dip

Recent price check reveals that fuel costs have taken unseasonable dip

Posted: June 8, 2012 4:30 a.m.
Updated: June 8, 2012 4:30 a.m.

Prices are seen posted at the Chevron, foreground, and 76 gas stations on Soledad Canyon Road at Bouquet Canyon Road in Saugus on Thursday afternoon.

 

After gas prices rose in May, pain at the pump is starting to ease as multiple gas stations in the Santa Clarita Valley showed prices declining Thursday.

Gas prices ranged from a high of $4.35 a gallon in the SCV to as low as $3.93 at two membership-only stores Thursday — a significant drop from prices near Memorial Day.

On May 25 — the Friday before Memorial Day — prices ranged from a low of $4.23 a gallon to $4.45 at the highest in the Santa Clarita Valley.

The downward trend in local gas prices follows a similar trend throughout California and the nation.

Gas prices are declining in California as refineries ramp up production this year, with production about 9 percent higher than it was at this time last year, said California Energy Commission Information Officer Alison apRoberts.

“Production was quite low through April due to plant maintenance,” apRoberts said, adding that the refineries increased their production of gasoline in late May.

Gas prices in California averaged $4.26 a gallon on Monday — a five-cent drop from the previous week, according to information released by the United States Energy Information Administration.

National gas prices averaged $3.61 a gallon on Monday, a six-cents-a-gallon drop from the previous week. A nearly 65-cent gap still exists between the national average and the average price in California, which apRoberts called “remarkable.”

A Washington state refinery that had been shut down since February due to a fire is also operating again, apRoberts said.

It appears that the California refineries are producing at a very healthy level now, apRoberts said.

“It’s nice to see prices come down,” she said.

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