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Wednesday, August 10, 2022

Gas price spike may be in sight

CHICO – Gas prices show signs of decline, much to the relief of Butte County residents.

GasBuddy price analyst Patrick De Haan predicted that consumers would see a drop in gas prices over the next few weeks.

GasBuddy is a platform that collects crowdsourced data from volunteer gas price monitors and station owners to help consumers find the cheapest gas price locally. The site reports that Chico’s has seen the price of gas per gallon drop by an average of about 17 cents within the past two weeks.

De Haan said oil prices were trending downwards due to the economic slowdown and concerns about falling consumer demand.

A sign shows the price of gas at the Valero gas station on Wednesday, July 6, 2022 in Chico, California. (Ava Norgrove/Enterprise-Record)

Chico resident Dave Nielsen said he used to drive from Auroville to Chico more than three times a week and it didn’t make a withdrawal unlike anything in his bank account. He said that because of this he left his job in Auroville.

Another Chico resident, Daniel Solers, said gas prices impressed him greatly.

“I understand that gas prices are a complex topic that is not caused by a president or a single source, and gas prices need to go up with appropriate carbon emissions taxes,” Solers said. “Still, for me personally it affects me a lot because I’m in the lowest socioeconomic bracket.”

De Haan said gas station owners and managers are not to blame for the recent surge in gas prices.

World Nation News Desk
World Nation News Deskhttps://worldnationnews.com/
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