Gas prices on the way up – again |

Gas prices on the way up – again

Staff reportsAs the average cost of a gallon of gas continues to rise, another record may not be far off.The statewide average for a gallon of regular unleaded is now $2.59, an increase of 23 cents a gallon compared to the last survey done by AAA of Northern California. The average price for a gallon of unleaded regular in Truckee is $2.68, according to an informal survey done by the Sierra Sun.”We see significant changes in relatively short periods of time,” said Sean Comey, spokesman for AAA of Northern California. “Between May and June, prices fell by nearly 30 cents a gallon. A month later that decline has disappeared.”On May 25, the average price for a gallon of regular unleaded was $2.70.The most expensive average gas price in the state is in South Lake Tahoe, where regular unleaded sells for $2.76 a gallon. The lowest price in California is in Marysville, at $2.43 a gallon.Nationwide, the lowest price can be found in Greenville, S.C., where the average gas price is $2.14. The most expensive gallon of regular unleaded is in Wailuku, Hawaii, at $2.85.Several market forces appear to be influencing what consumers are paying for fuel. The price of crude oil, the raw material from which gasoline is made, remain high. Fuel consumption tends to be higher during the summer as people vacation, Comey said. That increased demand can often lead to higher retail prices.

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