California’s gasoline taxes are going up again Saturday.
That means there’s little hope that the price at the pump, already more than $1.25 above the national average, will come down soon.
There is a possibility the per-gallon price will drop 10 to 25 cents by Labor Day, said Patrick De Haan, head of petroleum analysis at GasBuddy, as supplies increase.
But prices drop only “if nothing happens” that would tighten supply. And stuff often happens. Refineries can shut down for various reasons. Demand spikes. Bad weather affects infrastructure.
Read more at The Sacramento Bee