Supreme Court Rules Customers Can Sue Electricity Companies For Price-Fixing During CA Energy Crisis
The Supreme Court says a group of energy companies can be sued under state antitrust laws for illegally manipulating natural gas prices more than a decade ago during California’s energy crisis.
California continues to have the highest prices among all 50 states with $3.20 per gallon — $ .80 above the national average — but it’s starting to come back down thanks to a drop in the price of crude oil globally.
Our break from high gas prices may be coming to an end.
Falling gas prices have been a welcome relief for Bay Area drivers, but they pose a serious problem for state coffers.
The average price for a gallon of gasoline in California has dropped to $2.58, down by 39 cents since a month ago, according to the American Automobile Association’s Northern California chapter.
We asked a few of our KPIX and KCBS reporters for some predictions for 2015, and here’s what they said:
Average gas prices fell 24 cents in California last month and further in the Bay Area, continuing a downward trend seen across the country, according to the American Automobile Association’s Northern California chapter.
Travelers will have to pack their patience on the roads and in Bay Area airports, as they head out of town for Thanksgiving.
The latest survey of gas prices show the average price per gallon has dropped to its lowest point in nearly a year, with some Bay Area stations dropping nearly 30 cents since last week.
With 41 million Americans expected to travel this year, highways and airports will be packed with travelers looking to take advantage of the 3-day weekend.