• 3 minutes Looming European Gas Crisis in Winter and North African Factor - a must read by Cyril Widdershoven
  • 7 minutes "Biden Targets Another US Pipeline For Shutdown After 'Begging' Saudis For More Oil" - Zero Hedge Monday Nov 8th
  • 12 minutes "UN-Backed Banker Alliance Announces “Green” Plan to Transform the Global Financial System" by Whitney Webb
  • 17 hours Microbes can provide sustainable hydrocarbons for the petrochemical industry
  • 3 hours CO2 Electrolysis to CO (Carbon Monoxide) and then to Graphite
  • 4 hours Hunter Biden Helped China Gain Control of Cobalt Mines in Africa
  • 5 hours NordStream2
  • 23 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 hours Building A $2 Billion Subsea Solar Power Cable From Chile To China
  • 4 days Is anything ever sold at break-even ? There is a 100% markup on lipstick but Kuwait can't break-even.
  • 4 days Modest drop in oil price: SPRs vs US crude inventory build
  • 5 days 2019 - Attack on Saudi Oil Facilities.
  • 8 hours "Gold Set To Soar As Inflation Fears Mount" by Alex Kimani
  • 5 days Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 6 days Ukrainian Maidan after 8 years

California Gasoline Prices Are Spiking

The only gas station in Gorda Springs, California, population ~100, is now selling premium gasoline for $8.50 per gallon amid one of the most jarring energy crises in history.

The small town of Gorda boasts a particular affluence that makes its name, which means “Fat” in Spanish, rather apt. It’s located along scenic Highway 1, attracting tourists from nearly everywhere. It’s known for a few things, including a ban on billboards and banners. It has a hotel, a couple of restaurants where one can watch whales while sipping cocktails, and a lone gas station—a pricey lone gas station.

This week, the world was shocked by news reports that showed images of Gorda’s only gas station charging more than $7 for a gallon of regular gasoline and $8.50 for a gallon of premium. It is a driver’s only choice for gas for many miles.

But Gorda Springs has long been known for charging high prices for its gasoline—some of the highest in the country.

But elsewhere in California, to the north, gasoline prices have climbed to a level not seen in almost a decade—and not just at a single gas station.  The soaring costs are everywhere. Los Angeles/Long Beach prices have risen to $4.54 per gallon for regular gasoline, according to AAA data.

What’s more, gasoline prices in Los Angeles saw an increase of $.08 in just a week, a $0.15 rise over the last month, and a staggering $1.36 in a year—marking a 30% increase.

In that time, the minimum wage has increased by less than 10%. For lower-income households that often spend twice as much on gasoline as affluent ones (as much as 9% of their total household income), it is a painful reality.

California has the highest gasoline tax and fees in the nation and accounts for $0.669 of each gallon of gasoline, according to the API. This does not include the 18.4 cents per gallon in federal excise taxes.

By Julianne Geiger for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment
  • George Doolittle on October 22 2021 said:
    Well at least there is still fuel.

    It's still having food that the entire West Coast is worried about at the moment. "Everything is being stolen with regularity now" as well.

    Long $unp Union Pacific Railroad
    Strong buy.

    $tsla Tesla could double in stock price on Monday alone. "Panic as the US Federal Reserve unwinds the free money."

    How this is good news for oil I have no idea but certainly great news for $f Ford Motor Corporation.

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News