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Gas prices still steady in SCV

Posted: July 9, 2012 3:22 p.m.
Updated: July 9, 2012 3:22 p.m.
 

 

Gas prices throughout the Santa Clarita Valley are around the same price as two weeks ago, while gas prices statewide continue to drop, according to figures from gasoline price-tracking websites.

Gas prices ranged from a high of $3.83 a gallon to as low as $3.59 a gallon at a number of stations Monday, according to information from the gasoline price-tracking website gasbuddy.com.

The lowest price for gasoline has stayed the same for two weeks now, according to gasbuddy.com. The highest price for gasoline in the valley dropped six cents from one week ago.

In California, gas prices averaged $3.73 a gallon — a drop of four cents from a week earlier, according to the U.S. Energy Information Administration. The average price in California had dropped 11 cents the week before.
Gas prices are now four cents lower than a year ago.

Nationally, the average price for a gallon of gas rose about five cents from a week ago, although prices are still two cents a gallon cheaper than a year ago.

One analyst thinks that gas prices aren’t going to drop considerably again until the end of summer.

“After a dramatic decline in gasoline prices in virtually every region in the past month, gasoline prices have started to rise,” said gasbuddy.com Senior Petroleum Analyst Patrick DeHaan in a statement. “While I don’t necessarily believe that the recent uptick in crude prices will stick, I also don’t see prices falling considerably lower until after the conclusion of the summer driving season, when demand declines and more expensive blends are phased out.”

kjonas@the-signal.com
661-287-5517

 

 

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