Relief is Coming on Soaring Gas Prices
Are you tired of the high gas prices? As they climbed in September, I kept thinking “what is going on?” Gas prices traditionally get higher over the summer and start to drop in Fall but the opposite was going on. Even though we love to complain, I should note that in California, a gallon of regular gas was $5.69 Thursday in Calabasas. There were reports of some stations charging more than $6 a gallon.
If you’re wondering what is causing the high prices at the pump you can blame recent refinery fires and pipeline problems, causing California reserves to hit a 10-year low. While the national average is up to $3.78 per gallon, prices are topping $4 a gallon in many states. Analysts predict that relief is in sight and prices will bottom out near $3.50 a gallon by Thanksgiving. That’s certainly something to be thankful for.