Today in gas prices

After a meteoric rise earlier this month, gas prices at the Chevron at the corner of Hill and Colorado in Pasadena appear to have stabilized. The prices today are the same they were when I last checked June 13.

The average price today of a gallon of regular gas in California is $4.603, according to AAA. The record for the highest average price for a gallon of regular in the state was $4.61, set on June 19. So, no record now for five days.

And, for those keeping score at home:

Chevron opened at $98.58 today on the New York Stock Exchange, up from $76.40 on Jan. 23.

Exxon Mobil opened at $87.53 today, up from $77.55 on Jan. 23.

Royal Dutch Shell opened at $77.64 today, up from $64.89 on March 20.

British Petroleum opened at $67.27 today, up from $57.85 on Jan. 23.

Anyone sense a pattern?

-- Steve Hymon

Photo: Steve Hymon / LAT

Comments

[yours truly, Johnny Dollar]

There is little profit in retail gasoline; thus,
Exxon Mobil has all of its stations on the
market; when you think retail gasoline is
a gold mine, make them an offer for their
network of gas stations. Otherwise, ....

[Anthony Fernandez]

Sure, everyone sees that we're so dependent on oil, so it seems like a failsafe stock to buy.

After all, the oil companies still have the same profit margin. It's about Peak Oil, we've known about it, but we've yet to do anything to prepare for it.