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 An
geles 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.”