#gas-prices

#gas-prices

The average price for a gallon of regular unleaded at 17 stations visited was $5.92, which is on par with California's statewide average of $5.89, according to AAA.

"It's ridiculous," said Veronica, a driver filling up in Brooklyn. Many drivers haven't seen relief since the war with Iran began in late February.

Costco operates roughly 550 gas stations across the U.S., giving members plenty of opportunities to take advantage. Gas isn't a small line item for the retailer, either. Costco reports that fuel accounts for about 10 percent of total net sales, a steady revenue stream that helps the company keep prices lower.

Luna Rosado, a single mother, has seen her gas expenses rise by $40 weekly due to a 30 percent increase in prices after the war in Iran. This has resulted in $160 less for groceries and other necessities each month, forcing her to constantly adjust her budget.

CNN's Manu Raju pointed out that Donald Trump frequently touted low gas prices during his presidency, but when prices rose under Biden, he shifted to attacking the current administration. Raju stated, 'And the person who liked to talk about it a lot was none other than Donald J. Trump.'

"With the long-term sustainability of our Los Angeles Refinery uncertain and affected by market dynamics, we are working with leading land development firms to evaluate the future use of our unique and strategically located properties near the Port of Los Angeles," Mark Lashier, chairman and CEO of Phillips 66, said at the time of announcing the closure.

"California has had, I think, very poor energy policy. They've put a climate agenda ahead of reliable and affordable energy, and the consequences of that are that energy in California - any form of it - is unaffordable."

For the first time in years, Gen Z was winning. Rents had finally stopped devouring their paychecks, wages were rising faster than their housing costs, and a generation that had long trailed older Americans in spending growth was starting to actually open its wallet - on restaurants, new clothes, electronics, even travel.

Dan McTeague, a fuel analyst, stated that gas stations in the Greater Toronto Area experienced a net increase of eight cents a litre this weekend alone, which is quite devastating given the current inflationary pressures affecting various sectors.

President Trump's energy dominance strategy is built for exactly this moment. He wanted to increase supply here domestically and with our existing allies, and new allies like Venezuela.

Sometimes I feel like I'm going to get, like, heart attacks. You feel like how am I gonna survive? What should I do? Should I put more hours [in]? Should I work, like, 14, 15 hours? It's a very hard decision. Singh, who already works seven days a week, estimates he's shelling out an extra $150 to $200 monthly to be on the road in downtown Vancouver.

In the long run, it's going to help us out, because if they get nuclear weapons, you know, we might not even be here in a couple of years. I think that [Trump's] done a good job. This sentiment reflects the perspective of voters willing to accept economic costs for perceived security benefits from military action against Iran.

When you buy gas at the pump, you're covering more than the cost of crude oil. You're also paying for every step in the process, including refineries, wholesalers, taxes, and the markup your local gas station adds. Even so, crude oil has the biggest influence on what you pay, often making up more than half the cost per gallon.