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Gas selling for under $4 a gallon in Burbank!

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Photo: FLLewis/Media City G -- Self-serve regular gas selling for less than $4 a gallon at the Shell station at Buena Vista Street and Magnolia Boulevard November 10, 2012

Photo: FLLewis/Media City G -- Self-serve regular gas selling for less than $4 a gallon at the Shell station at Buena Vista Street and Magnolia Boulevard November 10, 2012

After flirting with the $5 a gallon milestone , self-serve regular is back to being under $4 a gallon at some pump stations in Burbank. Yesterday, I gassed-up at the Shell station at Buena Vista Street and Magnolia Boulevard for $3.89 a gallon for self-serve regular.

Back in early October, the price soared to 4.60 a gallon and above for regular. The last time gas prices were that high in California was back in June of 2008. A gas shortage and problems at the oil refineries were blamed for the jacked up prices. Governor Jerry Brown took emergency action, which allowed the refineries to switch from making summer-to-winter blend gasoline several weeks early to boost supplies and ratchet  down prices. Apparently it worked.

Photo: FLLewis/Media City G -- Self-serve regular gas selling for under $4 at the Union 76 station at Magnolia and Victory Boulevards in Burbank November 3, 2012

Photo: FLLewis/Media City G -- Self-serve regular gas selling for under $4 at the Union 76 station at Magnolia and Victory Boulevards in Burbank November 3, 2012

Around the beginning of November, self-serve regular prices dipped below $4  in the Media City and have continued to drop over the past few days. Hopefully, the price reduction is part of a trend, which will last through the holiday season.

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