- 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.
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