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Drivers form huge lines outside Costco gas stations seeking cheaper gas

Drivers across the country are forming enormous lines at discount fuel retailers such as Costco and storing gasoline, as prices reach new record highs, with no sign of relief in sight.

The national average price of gas reached $ 4,252 on Wednesday, setting a record of all times for the second day in a row, after the US banned Russian oil over the invasion of Ukraine.

It represents an increase of 8 cents from Tuesday alone, and gas is now up 78 cents from last month and $ 1.45 from a year ago, according to the AAA Gas Price Index.

California continues to lead the nation with the highest average gas price of $ 5,573, and on some Los Angeles gas stations, regular gasoline is now nearly $ 7 per gallon.

Experts are now advising Americans to save fuel, police departments are warning drivers to be on the lookout for petrol thieves, and nationwide retailers are seeing an enormous scramble to fill tanks before prices continue to rise.

Motorists in Los Angeles stand around the block at a local Costco gas station in Burbank as global gas prices rise

Huge lines formed at Burbank Costco as driver sought cheaper gas amid rising prices

Huge lines formed at Burbank Costco as driver sought cheaper gas amid rising prices

At some Los Angeles gas stations, regular gasoline is now nearly $ 7 per gallon. The national average price of gas hit $ 4,252 on Wednesday, setting an all-time record for the second day in a row

At some Los Angeles gas stations, regular gasoline is now nearly $ 7 per gallon. The national average price of gas hit $ 4,252 on Wednesday, setting an all-time record for the second day in a row

Traffic is seen on the Major Deegan Expressway in The Bronx on Wednesday as gas prices reach record levels

Traffic is seen on the Major Deegan Expressway in The Bronx on Wednesday as gas prices reach record levels

Cars parked for gas Monday at a Costco store in Lacey, Washington. The cost of gasoline pushes even further above $ 4 per gallon, the highest price American motorists have ever faced

Cars parked for gas Monday at a Costco store in Lacey, Washington. The cost of gasoline pushes even further above $ 4 per gallon, the highest price American motorists have ever faced

The price of regular broke on Sunday $ 4 per gallon for the first time in almost 14 years and is now almost 50 percent higher than a year ago.

Patrick De Haan of consumer group GasBuddy warned Americans to save gas and predicted that prices would remain above $ 4 until November.

De Haan tweeted: ‘Everyone is focused on one side of the equation to get more oil for our waste, our inefficient driving behavior, and so on. When will Americans learn to save? Do your sharing efficiently, take mass transportation, or not, and prices go higher and longer.

‘My goodness people – I do not ask people who clearly need fuel to stay home, I ask those who drive to work when they can take an alternative to do so.’

Meanwhile, drivers across the country were looking for deals on stations with price or discount rates, such as Kroger, Sam’s Club and Costco.

At a Kroger station in Atlanta, general contractor LW Boyd had run two fuel tanks at the same time – diesel pumped into two giant tanks in the bed of his Ford F150 truck – fearing that even high petrol prices would simply increase.

“This cuts me, but I have to keep my truck running, otherwise I will not eat,” said Boyd, 35. With diesel now at $ 4.39 per gallon in his area, he planned to pay well over $ 400 to the truck and the two 50-gallon tanks.

The national average price of gas hit $ 4,252 on Wednesday, setting an all-time record for the second day in a row

The national average price of gas hit $ 4,252 on Wednesday, setting an all-time record for the second day in a row

The awards can be seen Wednesday at a gas station in the Bronx. All gas prices at local, state and national level exceeded the highest prices previously set during the July 2008 recession

The awards can be seen Wednesday at a gas station in the Bronx. All gas prices at local, state and national level exceeded the highest prices previously set during the July 2008 recession

People wait in line Monday in their cars to buy gas at a Costco in San Marcos, California, while drivers search for deals

People wait in line Monday in their cars to buy gas at a Costco in San Marcos, California, while drivers search for deals

Miranda Krauss, 43, drove to Costco in Carlsbad, California, from the city of Encinitas 20 minutes away to take advantage of the lower bulk gasoline gas prices.

‘It’s gotten so bad I’m totally here for gas. I would not normally get that far, ‘said Krauss.

At a Phillips 66 station in Wolfforth, a city in northern Texas, Gilberto Meta, a 47-year-old maintenance worker, filled his GMC Yukon XL with a long sigh as he watched the dollars rise on the fuel gauge .

“I now spend more on gas than on groceries,” he said. ‘My wife and I had this past week about swapping this gas vacuum cleaner for something more efficient.’

In Huntington Beach, California, Julian Mesa earns $ 15 an hour for office cleaning. On Monday, he paid $ 92 to fill his pickup at $ 5.79 per gallon.

“It’s very expensive, high for people who earn the minimum,” Mesa said. His family had already scaled back to eat out to cut their expenses during the pandemic.

Pump prices have been rising for more than a year, and analysts expect further increases after President Joe Biden announced that the United States would ban Russian oil imports to punish Russia more severely for invading Ukraine.

As painful as this week’s prices are, they are still not the highest Americans have paid when you consider inflation.

In today’s dollars, the previous record of 2008 of $ 4.10 a gallon would be equal to about $ 5.24.

Patrick De Haan of GasBuddy has urged Americans to use cautious gas after prices rose to a record high of $ 4.17 per gallon

Patrick De Haan of GasBuddy has urged Americans to use cautious gas after prices rose to a record high of $ 4.17 per gallon

Experts advise motorists to limit their fuel consumption as much as possible, and to drive more efficiently to reduce the burden on tight oil supplies

Experts advise motorists to limit their fuel consumption as much as possible, and to drive more efficiently to reduce the burden on tight oil supplies

The GasBuddy fuel-saving app predicts that gas prices will reach a peak in May, averaging $ 4.25, and that prices will remain above $ 4 per gallon until November

The GasBuddy fuel-saving app predicts that gas prices will reach a peak in May, averaging $ 4.25, and that prices will remain above $ 4 per gallon until November

The GasBuddy fuel-saving app predicts that gas prices will reach a peak in May, averaging $ 4.25, and that prices will remain above $ 4 per gallon until November

Analysts say that almost all of last week’s rise – about 55 cents per gallon nationally, on average – can be linked to expectations that eventually Western countries would ban Russian crude oil, and shrink their already scarce supplies further.

“The US does not need Russian oil per se, but the world and especially Europe depend on it,” said Tom Kloza, an analyst for the Oil Price Information Service.

According to government figures, the U.S. last year imported 245 million barrels of oil from Russia, or 8 percent of all U.S. oil imports. That is less than the United States imported from Canada or Mexico, but more than it took from Saudi Arabia.

Normally, fuel prices go up in the spring and summer because Americans drive and fly more. The demand could also get a boost as countries continue to waive their COVID-19 restrictions.

Those trends suggest that pump prices are heading higher, with demand continuing to outstrip supply.

‘It will not be a good summer for motorists’, says De Haan.

GasBuddy projects that gas prices will peak in May, at an average of $ 4.25, and that prices will remain above $ 4 a gallon until November.

“Americans have never seen gasoline prices so high, nor have we seen the pace of increases so rapid and furious,” said De Haan, head of petroleum analysis at GasBuddy.

“That combination makes this situation all the more remarkable and intense, with crippling sanctions on Russia restricting its flow of oil, leading to the massive peak in the price of all fuels: petrol, diesel, jet fuel and more,” he added. hy.

Drivers form huge lines outside Costco gas stations seeking cheaper gas Source link Drivers form huge lines outside Costco gas stations seeking cheaper gas

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