Advertisement
Share

Year after Gaspocalypse, Californians saving $32 million a day on gas

On the one-year anniversary of the Gaspocalypse — the day California gasoline prices set a record for the lower 48 states — fuel here has fallen by 86 cents a gallon.

A year ago, retail gasoline prices in California averaged $4.67 a gallon, according to GasBuddy.com. Only Alaska has had a higher average price, briefly topping $4.68 in late July 2008, according to the gas price information website.

As of Tuesday morning, a gallon of unleaded regular averaged $3.81 in California. GasBuddy said careful shoppers can fuel up for as little as $3.40 to $3.60 a gallon throughout the state.

PHOTOS: Top 10 cars with lowest sticker price per mpg

Advertisement

The money lower gas prices leaves in the pockets of consumers is substantial. California drivers consume about 900,000 barrels of gasoline a day.

A year ago, they spent about $176.5 million daily for fuel, GasBuddy estimated. Declining gas prices have brought that down to about $144.8 million, or a daily savings of about $32 million.

ALSO: Tesla’s Elon Musk defends Model S after fire

Cars’ safety systems are getting a whole lot smarter

Drivers ignoring child seat and seat belt rules are killing children

Follow me on Twitter (@LATimesJerry), Facebook and Google+.


Advertisement