The average price for a gallon of self-serve regular gasoline in the Santa Maria-Lompoc-Santa Barbara area hit a new record Wednesday at a fraction of a cent over $4.71, according
That price just squeaked past the old record of $4.70 a gallon set June 21, 2008, based on Weekend Gas Watch records.
The highest average price reported Thursday was $4.78 in the Los Angeles-Long Beach area, followed by $4.77 in Ventura, $4.76 in Orange County, $4.74 in San Diego, $4.72 in San Diego and $4.70 in Riverside. “Drivers should keep in mind that there are many gas stations with prices that are 50 cents or more per gallon below the average price for their area,” Auto Club spokesman Doug Shupe said last week as pump prices continued to climb.
Gas was $4.42 at Costco on South Bradley Road and the Shell station on North Broadway, both in Santa Maria, and $4.43 at the Exxon station on North H Street in Lompoc and Fastrip Fuel & YK Market on Guadalupe Street in Guadalupe.Oil industry experts said gasoline prices are controlled by simple supply and demand, and when demand dropped when COVID-19 restrictions were imposed, oil companies cut back on production.
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