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|June 18, 2018|
Is the gasoline price surge stalling out?
INLAND EMPIRE - (INT) - The long-running rise in gasoline prices may be running out of octane.
Reports of a plentiful California gasoline supply have stalled further price increases at most local gas stations, according to the Automobile Club of Southern California.
In Riverside, the average per-gallon price is $3.70, which is unchanged from a week ago but is 11 cents higher than in April, and 70 cents more than at this time last year.
“The California Energy Commission is reporting the highest level of gasoline stocks in three months, and local refineries reportedly have completed their planned maintenance,” said Auto Club spokesman Jeffrey Spring. “Both those factors are good indicators that prices could reverse course and head back downward soon.”
Story Date: June 13, 2018