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California Gas Prices on the rise

In the last 30 days the policy effects of the peoples new administration has been very evident when you fill up your car at the Gas Station.

Suddenly the pump is stopping at $90 (the preset limit) and you have not filled your tank. We are racing towards $4.00 a gallon and that SUV is looking less and less attractive.

“PRG Tip” Try using reward cards such as those uses by Ralphs and Shell which can save you as much as 70c a gallon. Of course they encourage you to stay loyal to their brands to save at the pump which in these trying times you are moe than willing to do.

In the last 30 days gas prices have risen by 30c a gallon or approximately 10%. This means your average two car family just added $5000 a year on to their fuel bill expenses at a time when we can least afford it.

Unfortunately we really do not have much choice. The Governement is pushing EV’s while overseaing the price increases from the electric companies at the meter. In the past decade, the utility’s rates have been going up faster than inflation. According to the Public Advocates Office, residential rates have risen 31% between 2009 and 2019 — higher than the consumer price index of 19%.  California remains one of the most expensive states in the nation for electricity.

Timothy Haves is the President of Petroleum Realty Group. If you are thinking of buying or selling a Gas Station give him a call 949-636-3961