Fed up with the price of the pump, L.A. drivers are finding ways to adjust
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As inflation rates rise to their highest in years, Californians are again getting hit the hardest at the gas pumps, with a regular tank costing upwards of $100 at some stations in Los Angeles.Inflation figures released this week show consumer and producer price rises at more than three-year highs, driven by the energy crisis stemming from the war with Iran.Gasoline prices took the biggest bite out of consumer spending power, with prices up 41% in May from a year earlier.While the national average for gasoline prices is a little above $4 per gallon, in California, it is near $6 per gallon.
In a small number of gas stations in Los Angeles, it is even tipping toward $7.When asked about inflation in the Oval Office on Wednesday, President Trump told reporters the numbers looked great.
“I love inflation,” Trump said.“The numbers are going to be phenomenal because what’s showing is that despite the fact that we’re in a war, the numbers are much lower than anticipated, and when we’re out of that war, the numbers will be at lower numbers than they were even before it started.” Business Gasoline will be a pain point for travelers this Memorial Day weekend.
For many Americans, cutting back has already become the new reality after gas prices topped $4.50 a gallon for the first time in nearly four years.Consumers aren’t feeling the love.
The Costco gas pumps in Inglewood were busy Thursday morning, with a constant flow of cars looking to save money on its relatively low per-gallon price of about $5.50.Inglewood resident Eddin, who chose to not give his last name, said even though his Honda Civic isn’t a big gas guzzler, he has switched to using his girlfriend’s hybrid for longer trips.
“We just take her car now just because it’s more cost-effective,” he said as he filled his tank.“I wish there was more the government could be doing for not just gas prices, but...