Gas prices in California increased for the third day in a row as the cost for a gallon of regular has now reached $4.67.
Monday's price is 50 cents higher for a gallon of regular than it was just a week ago. It has reached over 86 more than the price for regular compared to this time last year as well. In areas like Los Angeles, San Diego and San Francisco, drivers are averaging $4.70 for a gallon of regular.
The change in price happened while most people were sleeping, but drivers who live in California shouldn't get too discouraged as some relief may be on the way.
The Exxon Mobil refinery in Torrance, CA which closed on Oct. 1 in a power outage, resumed operations Friday. Experts have blamed the closure, as well as condensed production this summer at a major Northern California refinery, as the main reason for the price of gas increase.
Sunday also brought some controversial news as well, as smog regulators from the California Air Resources Board allowed oil companies to start producing and selling winter-blend gas to companies throughout the state.
When the winter-blend gets introduced on Oct. 31, customers should expect to see at least a slight reduction in the gas price that has just been increasing as of late. The gas is considered different depending on the season because it evaporates sooner in warmer weather than the summer-blend does.
Experts do believe that the move should push the prices down to potentially 20 cents lower in around a week or so, but it may not be a quick reprieve for California residents.
Even if the price was to go down today, it would still be higher than it was just five days ago for residents. Drivers should expect the price to remain steady for a little while and then slowly decline as the month moves forward.
The average price of gas in the U.S. is $3.82 for a gallon of regular, which is up a cent from Sunday as well. This price is up over 17 percent compared to a year ago. Hawaii has the second highest cost of gas, as they sell a gallon of regular for $4.41.
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