Gas prices on the rise, again | TahoeDailyTribune.com
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Gas prices on the rise, again

It was nice while it lasted.

Like everywhere else in Northern Nevada and California, Lake Tahoe gas prices are on the rise.

While less than a month ago gas could be found for 99 cents a gallon at at least one South Shore station, the lowest prices Monday were about $1.15. Many stations are now selling gas for $1.35 for regular, $1.45 for mid-grade and $1.55 for premium.



Tosco recently shut down its oil refinery in Northern California after an explosion killed three workers. While many people have attributed the rising prices to that, there is still plenty of gasoline available, said Susanne Garfield, spokeswoman for the California Energy Commission.

“Most of this is speculation. They are trying to figure out what the next barrel of oil will cost, but there is an adequate supply of (gasoline meeting California’s requirements),” Garfield said. “Gasoline is such a volatile market. Prices go up or down very quickly based on anything in the market that may affect production, whether it’s a phantom demand or a phantom shortage.”




Gasoline prices also typically start to rise in March, Garfield said.

She could not estimate on whether the price will soon go back down or continue to rise.


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