Here’s the weekly update.
Nothing too exciting, just a upward hiccup on the price of crude, Friday was $65.07 (trending down) and today it is closing at $66.98 (trending up).
RETAIL FUEL RATES
Gasoline pump prices have stayed mostly the same… just a couple of cents down in some areas.
San Diego County
Regular gasoline: ~$4.54/gal Down a couple of cents from last week About 20¢ cheaper than the same time last year
California (State Average)
Regular gasoline: ~$4.48/gal Slight dip compared to last week Still about 15–20¢ cheaper than one year ago
U.S. National Average
Regular gasoline: ~$3.14/gal Essentially flat versus last week Down from about $3.51/gal one year ago Current prices are the lowest summer levels seen in four years
Diesel (U.S. National Average)
Diesel fuel: ~$3.69/gal Slight uptick in recent days Still cheaper than one year ago, following the overall trend of year-over-year declines
SOME INTERESTING NEWS ABOUT DRILLING IN ALASKA
The federal government just made a change to increase U.S. oil production.
The Trump administration rolled back restrictions that had blocked drilling in a big part of Alaska’s National Petroleum Reserve.
This is a huge area with a lot of oil under it, and now more of that land can be used for drilling.
What does that mean?
It gives U.S. oil companies more places to drill, which could lead to more supply in the future.
The idea is to keep the U.S. energy supply strong and reduce dependence on foreign oil.
This won’t make gas cheaper overnight, but it’s meant to prevent future shortages and help keep prices more stable over time.
For us Californias, even though most of our fuel is produced and refined locally, more overall U.S. supply can act as a cushion during times of tight markets or emergencies. Moves like this can help ease pressure on prices when things get rough, like during hurricanes, refinery outages, or global conflicts.