Which coast pays more for gas?
The average gas price in New York City is $4, a bargain considering what some Americans are paying at the pump.
Ah, California -- swimming pools, movie stars, and the highest gas prices in the land.
The price of a gallon of regular gas today averages $4.30 in the Golden State -- a jump of more than 45 cents in two weeks. That exceeds the pain at East Coast pumps by more than two bits, and it's more than a dollar higher than what drivers are paying in some other Western states. (Post continues below.)
Overall, the national average price is $3.71, according to the AAA Daily Fuel Gauge Report, the highest it's ever been at this time of year, The Associated Press said. And it will get worse. The Oil Price Information Service projects a national average price of $4.25 by late April.
We've suffered through high gas prices before -- the July 2008 average hit a record $4.11 -- so we know what steps to take. But what's unusual about this latest gas price trend is how unevenly the pain is being felt.
On the East Coast -- in New York City, specifically -- today's average price is $4, says GasBuddy.com, about 5 cents higher than the New York state average. In other East Coast states, it's closer to the $3.71 mark.
Meanwhile, CNBC reports, "Colorado, Montana, Utah and Wyoming have the cheapest pump prices in the country, at about $3.21 a gallon or less on average …."
What gives? Chalk it up to "wildly differing wholesale prices for gasoline," CNBC says -- based on the source, type and cost of crude oil that's being refined, as well as a region's refinery capacity.
It's shrinking on the East Coast, as this Philadelphia Inquirer report explains, and it could get worse: "If the Sunoco Philadelphia refinery shuts down in July, suppliers may need to find 240,000 barrels a day of gasoline and 180,000 barrels of ultra-low sulfur diesel by 2013."
Refinery issues have affected California gas prices too, Jason Toews of GasBuddy.com told ABC News.
Still, other factors are in play -- the state's relatively high gas tax rate and higher costs of refining to meet its emissions laws.
Another LA Times editorial offered some advice to the state's motorists:
The weekly spikes and declines of gas prices cause a lot of economic turmoil and consumer angst, but they matter less than the overall trend, and that can head in only one direction: upward. Rising demand in China and India ensures that gasoline is going to become more expensive over time, regardless of who's in the White House. Americans can adapt or go broke. So now is as good a time as any to consider trading in that SUV for something more suited to the 21st century.
More on MSN Money:
Gas prices are way out of control!! How can a family with both husband and wife working can afford to live. I drive 50 miles to work everyday which costs me $15.00/day round trip and that is with gas at $3.49/gal. If it hits at $4.00 or more it is going to cost me over $100/week which equates to 20% of my take home pay. And they say that the economy is gaining ground, I would like to see where the gains are made. You can only stretch your budget dollars to far. And if it continues, more and more people will be forced to choose to buy gas for thier car to go to work or buy food to feed their family.
May God help us in these insanely times!!!
both berry and his energy czar want gas to up, they have said so....thats why they are shutting down american oil production
any reason the oil companies tell us is a bold face lie,thers no real reason for the increase,its all about maken a buck and our good old uncle sam will do wat he always does,not a fkn thing except take the huge campainge contributions handed out by those very same oil companies,these thiefs dont care who they steal from so long as ther needs are met.
Keep supporting oil that is dumped on the world market and we keep getting screwed.
FYI- the oil companies are running this country!! No pipeline for world oil!
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