Over the past few weeks many articles in the national news have breathlessly warned that $5/gallon gas could be in the future. I get that for many parts of the country that's a huge increase, but in California it's been the reality for a while already. Back in November already I was seeing $5.xx for higher grades of gas at name-brand stores, even when prices for the same gas were in the $3s on the East Coast.
This past week I filled up rental cars in Las Vegas, NV and Amarillo, TX for less than $4/gallon for base grade gas. I paid $3.97/gal in Vegas and $3.79/gal in Amarillo. When I arrived home in the Bay Area Monday night I saw that prices were already over $6/gallon for all grades of gas at name-brand stores. Costco's still noticeably cheaper but already more expensive than after last week's 20% price surge. But Costco's cheaper than name-brand stations everywhere. I'm making as much of an apples-to-apples comparison as I can. Folks in the Bay Area (and most of California, for that matter) who don't have memberships or don't have the time or inclination to shop around for the cheapest gas are already paying over $6 per gallon.
This past week I filled up rental cars in Las Vegas, NV and Amarillo, TX for less than $4/gallon for base grade gas. I paid $3.97/gal in Vegas and $3.79/gal in Amarillo. When I arrived home in the Bay Area Monday night I saw that prices were already over $6/gallon for all grades of gas at name-brand stores. Costco's still noticeably cheaper but already more expensive than after last week's 20% price surge. But Costco's cheaper than name-brand stations everywhere. I'm making as much of an apples-to-apples comparison as I can. Folks in the Bay Area (and most of California, for that matter) who don't have memberships or don't have the time or inclination to shop around for the cheapest gas are already paying over $6 per gallon.