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Ave Price Same as Last Year, but..

This from Orange Co. CA. Ave. price of gas is $3.57 just the same as it was last year, but last year it was a record high.

Pump prices had been falling since October, but seem to have leveled off now. Local wholesale prices have increased by 40 cents since last week, but not passed on to consumers yet.

Gas stations might be able to absorb that increase without ratcheting up prices because there has been a cushion between the wholesale and retail rates. “However, if wholesale prices continue spiking, we could see some rapid price increases at gas stations in coming weeks,” auto club spokesman Jeffrey Spring said in a statement.

Good luck to us all.

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