California, Sacramento Average Gas Prices Reach Record Heights

SACRAMENTO (CNN/CBS13) — California state prices deed an mean terms of $4.671 a gallon Friday, tying the highest recorded mean terms for regular gasoline acceptable successful October 2012, according to AAA.

America’s largest authorities by colonisation has the highest state prices successful the country. The nationalist average dropped somewhat to $3.414 Friday.

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AAA said dense rainstorms successful Northern California person pinched accumulation capacity, which past trickled down to Southern California — conscionable similar what happened successful Louisiana with Hurricane Ida.

“It’s a spot of a proviso crunch we person close now, there’s thing major, until the refineries successful Northern California tin get backmost up to afloat accumulation capacity,” Jeffrey Spring, Corporate Communications Manager of the Automobile Club of Southern California said.

Prices are pushing $5 successful immoderate areas, including Northern California’s Humboldt County, wherever the mean terms was $4.971 Friday. The Bay Area has surged to implicit $4.80.

In the Greater Sacramento region, Nevada County had immoderate of the highest mean state prices astir astatine $4.868 arsenic of Saturday. Sacramento County was astatine $4.668. San Joaquin County was astatine $4.648. Calaveras, Placer, El Dorado and Amador counties were each good implicit $4.70.

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For the Sacramento area, the mean terms of regular gasoline arsenic of Saturday was $4.705 — which marks the highest recorded mean terms for the country ever, according to AAA.

Gas prices person been expanding steadily passim the twelvemonth arsenic substance request grows astir the globe and suppliers person been unable — oregon unwilling — to nutrient much oil. Although US lipid prices person surged by much than 65% this year, US lipid accumulation is about 14% below the levels of the extremity of 2019, earlier Covid erupted.

Gasoline prices have surged to seven-year highs and Wall Street banks are informing that $100 oregon even $120 oil is connected its way.

Prices haven’t plateaued rather yet, Spring said.

“What’s happening up successful the Bay Area indicates that possibly we’re astatine the tippy apical of this terms increases, barring immoderate different issues,” Spring said. “So we’re hoping by the extremity of the twelvemonth that things volition commencement heading downward.”

California reached its grounds terms successful 2012 pursuing refinery glitches that caused prices to spike for a fewer weeks earlier coming backmost down.

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