Some Californians Are Paying $5.00 For A Gallon Of Regular Unleaded Gasoline.

Luckily that’s not me…yet. Prices are going to rise sharply sometime soon everywhere because the price at our pumps has not truly reflected the price of crude oil. Right now, we are paying $3.49 per gallon, which is the second highest I have seen it here in Southern California since I moved here 12 years ago. At one point, the pump down the street from me was at $3.79 and I expect to see prices higher than that in the coming months.

From KSBW:

The American Automobile Association of California said some drivers are now paying up to $5 a gallon for regular unleaded gasoline. Crude oil prices hit an all-time high Wednesday, above $98 a barrel and analysts said with worldwide oil demand rising — it is still not clear just how high prices will go. In Salinas, AAA recorded an average of $3.39 per gallon. Santa Cruz is at an average of $3.37 per gallon.KSBW checked and found gas in Gorda, south of Big Sur, is even higher. Drivers there are paying $5 for gas. Over the past two weeks gas has gone up 15 cents in California alone, according to AAA.

This rise in gas prices is not only going to affect your gasoline costs – we can expect a rise in food costs and almost anything else that is shipped to it’s destination. But for now, it’s a good thing we only own one car and we live in a walkable community. Of course when we move to Taos next year we won’t have the same type of community so I better learn how to make my own biodiesel!

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Comments (6)

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  1. shadox says:

    $3.47 at the “cheapest” gas station on my way to work.

    BUT if there is anything wrong with gas prices it is that they are too low. High gas prices will encourage the market to come up with more fuel efficient solutions and will make alternative energy sources more economically viable. So, yeah, I will spend a bit more at the pump.

  2. david says:

    I agree shadox…it does need to be above 5 to start making a difference in our behavior and truthfully, I am all for it.

  3. Kelly says:

    Wow! I remember when I was in college I drove to California w/ some friends back in 1999, and I was freaking out that gas was $2.75.

    It is more than that here, now.

  4. plonkee says:

    Petrol is the equivalent of $7 a gallon over here (UK) and has been for several months. There’s a reason our cars are smaller on average.

  5. […] saw a post on the current price of gas at My Two Dollars, Some Californians Are Paying $5.00 For A Gallon Of Regular Unleaded Gasoline and suddenly got thankful for the price at my local gas […]

  6. Lazy Man says:

    I’m not surprised. A few months ago, I paid over $4 a gallon for the cheapest stuff. What can you do when there’s one gas station for miles and miles…