Finance
Gas Prices Reach Sky-High Levels, Topping the Year’s Records
Clear Facts:
- California’s gasoline prices hit their highest for the year, with the average price at $5.26 per gallon.
- Los Angeles County’s average stood even higher at $5.36 per gallon, while the national average was $3.85.
- Limited supply on the wholesale market and increased demand from refiners contribute to the rising costs, as explained by Auto Club spokesperson Doug Shupe.
California motorists are feeling the pinch as gasoline prices soar to the highest levels of the year, nearing the peak prices observed last summer.
The data comes directly from the American Automobile Association.
On Tuesday, AAA’s report stated that the average rate for a gallon of regular unleaded gasoline in California stood at a staggering $5.26, marking an increase of 10 cents over the preceding week and an uptick of 37 cents over the past month.
For context, the price around this time last year was $5.34 per gallon.
Los Angeles County, a major hub in California, registered even higher figures, with the average cost for regular unleaded gasoline landing at $5.36 per gallon on Tuesday.
In a broader context, the national average hovered at $3.85 per gallon.
This disparity reaffirms California’s dubious distinction of having the highest gasoline prices in the entire country.
Following closely is Washington State, which posts the second-highest figures in the U.S., averaging at $5.05 per gallon.
Seeking an explanation for these soaring prices, Doug Shupe, a spokesperson for the Auto Club, cited a report from the Oil Price Information Service.
“The report from this morning indicates a surge in wholesale gasoline prices in major cities like Los Angeles and San Francisco. The reason being a constrained supply in the wholesale market coupled with heightened demand from refiners trying to secure excess supply. This mix is invariably leading to the escalation in prices at the pump,” Shupe explained.
We want to know what you think! Share your thoughts in the comments below.
William Warwick
August 26, 2023 at 5:41 am
Biden’s economic plan at work.
Jerome Henderson
August 27, 2023 at 6:43 pm
When idiot Biden decides that energy needed by the working class in America is his enemy, we can all expect prices to rise because his policies prohibit drilling for what riches God has bestowed upon us. How can anyone support such an idiot?
Fred Friedman
August 27, 2023 at 6:47 pm
Democrats are destroying our country one policy at a time.
Lillian C Reheusser
August 27, 2023 at 6:55 pm
Biden is a vicious taskmaster. Won’t stop until he destroys the country and it’s citizens along with it. He had plenty of practice destroying his children for years. Waiting with baited breath to see the chickens come home to roost on Joe and his cronies. We must pop the pimple on this country that is Joe Biden.
Erik Shinn
August 27, 2023 at 7:08 pm
Cant wait to see those Biden signs at the pump “I did this” make a comeback.
Susan Ifland
August 27, 2023 at 8:29 pm
Bidenomics at work!
Sean Richman
August 27, 2023 at 9:33 pm
I feel that there’s a method to joeys madness.Inflation pays,at least it pays the government.The higher the prices we pay the more the government gets.(GETS TO P!$$ AWAY.
The Rebel
August 27, 2023 at 9:39 pm
While Jose Bidumb is a lying sumbeach————-his Circus of Clowns he calls an administration—————–excel at lying as well. The country is being ruined by the undocumented racist lying muslim #44 carrying out his original plan with Soros money. Hide and watch———–there will be another Communist training program waiting to be released. However, this time it will be worse than the Covid 19 Sheeple Training program
Weasler
August 27, 2023 at 10:23 pm
Great job, Democrats!
grrumpa
August 27, 2023 at 10:55 pm
Biden recently stated “name one goal I’ve failed to accomplish” or words to that effect. Well Joey, I guess that the highest fuel prices ever is one of your goals that you’ve certainly accomplished. What is wrong with this man? He has just about ruined our economy, depleted the strategic petroleum reserve, caused interest rates to skyrocket, and caused inflation through the roof. Every time I go to the grocery store I find the prices up and up and up.
Orion
August 27, 2023 at 11:00 pm
The pathological liar and thief is a traitor and the Socialist/Marxist non-democratic party is a stain on the history of the country
dsierra
August 28, 2023 at 8:44 am
Jesus, the Fascists are all up in arms over gas prices which even idiots realize that the President has nothing to do with. With even a modicum of reading comprehension, they would understand the reasons for the higher prices.
Hubert Ray Cornwell
August 28, 2023 at 1:10 pm
The voters got what they wanted, they elected these Democrats now they need to pay the price. Will they get smart and kick every Democrat out of office, I dought it. If they do get smart then they will also get rid of rhino Republicans and all Democrats. Vote Trump, Ted Cruse,Tim Scott, Kerry Lake and many other good young Repulicans.
Jeremy
August 28, 2023 at 4:27 pm
We the people need to get off of our collective backsides and make ourselves heard at the voting booth! The only way we are going to change anything is to elect people who will represent our values. By staying home on election day, we are allowing others to keep reelecting the same politicians who have shown again and again that their priorities and values do not agree with our own.
BJM
August 28, 2023 at 10:12 pm
Higher gas price is one way to “encourage” people to go electric.