In October 2022, Californians faced a gasoline price crisis, with the average cost of fuel skyrocketing to $6.46 per gallon.
At the time, Governor Gavin Newsom called on oil companies to switch to their “winter blend” gasoline, which tends to be less expensive for consumers.
Los Angeles news station ABC 7 However, he noted that there was no timetable for when the cheaper gas might arrive at the pumps. However, it appears that relief is now on the way for many California residents who have been affected by high fuel costs.
As Thanksgiving weekend has come to an end, AAA reports that the average price of gasoline is below $5.00 per gallon in the Golden State. The automotive association shared today that the average cost is $4.99 as of November 29, 2022.
This is still notably more expensive than the national average of $3.52.
Over the weekend, Doug Shupe, the Automobile Club of Southern California corporate communications manager, confirmed that the lowest-priced gas stations in the region now charge less than $4.40 a gallon.
It’s a welcome change for consumers in the midst of the holiday shopping season.
In addition to new, lower prices at the pump, millions of California residents have already received gas rebate checks from the state. If you have not yet received your refund, CalMatters offers a free tool where you can see how much money you can receive.
Also, at the beginning of October, Newsom he called for a new “windfall profits” tax for oil companies that would, in theory, be returned to California drivers.
At this time, it is not known if the California Assembly will pass any legislation in this regard during the 2023 legislative session.
What do you think about the fall in gas prices in California?
