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California Gas Prices Head Lower

July 14,2016-

California gas prices are back  down to where they were before the July 4th run up selling this week for $2.86 average.Nationwide the price of gas is lower as well.
Prospects for lower prices going forward are good with this week’s wholesale prices in Los AnScreen Shot 2016-07-14 at 12.01.10 PMgeles down about 27 cents from late June ( Los Angeles Reformulated RBOB Regular). Those wholesale prices should trickle down to a pump near you in the next few weeks.
A July 12 Energy Information Agency report says “U.S. regular gasoline retail prices this summer are forecast to average $2.25/gallon (gal), 2 cents/gal lower than forecast in last month’s STEO and 39 cents/gal lower than last summer, measured as April through September. U.S. regular gasoline retail prices are forecast to average $2.12/gal in 2016 and $2.28/gal in 2017.”

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