Gas jumps 3.5¢ since Tuesday
UCAN News
Looking for cheaper gas? Visit UCAN's not-for-profit Gasoline Project at www.fueltracker.com
Gas prices spike 7¢ in one week, 3.5¢ in 72 hours
Today, UCAN's Gasoline Project showed a 3.5¢ increase in the cost of regular gas in the last 72 hours.
The current average price for regular gasoline in San Diego County is $2.91 a gallon, up 7¢ since last Tuesday.
Typically, price movements that are more than a penny a day are considered "major moves" by the oil industry. Today's price is the result of a major move, with most Arco stations raising prices from 4 to 9¢. According to UCAN's Gasoline Project Manager, Charles Langley, the aggressive price hikes by Arco signal more increases in the next week.
"Arco maintains the price floor for gas prices in California," says Langley, because of their massive market share and an anticompetitive environment, when Arco raises the price, everyone else must follow."
Explore these recent UCAN stories on the disconnect between oil prices and the price of gasoline:
Could high oil prices mean $4 a gallon gas? September 12, 2007
The laws of supply and demand don't apply, September 10th, 2007
Like what you see? Go ahead and show your support! UCAN is a truly independent non-profit watchdog organization, dependent on grassroots donations like yours!
Utility Consumers' Action Network
File a complaint about a company online.
Terms & Conditions
UCAN.org is made available by the Utility Consumers' Action Network to assist you in becoming what you always knew you could be, a consumer ROCK STAR! We take no corporate money, and are beholden only to you, the consumer. As such, the site is here for educational, advocacy, and empowerment purposes, as well to to give you general information and a general understanding of the law. Just remember this site is NOT here to provide specific legal advice. By using this web site you of course understand that there is no attorney client relationship between you and the Web Site publisher, UCAN. The Web Site should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.
That said, get to digging on the site, inform yourself, speak your mind, and earn Watchdog Bones! This is YOUR site, and we mean it. So comment on any of the content, discuss the latest issues in the forums, file a complaint on a company with the fraud squad, and generally cut loose.
See our Privacy Policy
response
response
huh?
huh?
What, prices going up...again?
During August we were being given info that gas prices would PROBABLY continue a downward trend to the end of the year. Yes, we could expect a bump in prices during holidays such as Labor Day, but that's it. Well, this latest trend started the week before Labor Day and has continued well past the holiday. How far will it go? When will it end. Will UCAN be a reliable source of info ever again?
Post new comment