California gas prices are at an all-time high amid inflation


California gas prices reached new all-time highs on Monday as nationwide prices tumbled amid rapidly rising inflation across the economy.

The average price per gallon of regular lead gas in California rose to $ 4.682 on Monday. American Automobile Association, Slightly higher than Sunday’s figure, which broke the previous record of $ 4.671 previously set in October 2012.

California – the country’s largest state by population – has the highest gas prices in the US, according to AAA’s pricing data.

According to the AAA, the average gas cost nationwide reached $ 3,415 per gallon on Monday, a little less than a week ago.

In a printing press Released last week, The Automobile Club of Southern California has blamed “refinery problems” for the recent price increase.

Gas prices are rising in California as inflation continues to grow in the United States.
LOVEBYLIFE / Mike Blake

Heavy rainfall in northern California has disrupted production capacity, LOVEBYLIFE Reported, Which has limited supply and increased prices across the state and region.

The Automobile Club of Southern California says 3.8 million drivers are expected to take the road for Thanksgiving holidays, and “forcing passengers to reduce their fuel costs by making sure their tires are properly ventilated.”

The group also urged drivers to search for cheap fares on their route or in their area.

On November 15, 2021, the average cost of gas nationwide reached $ 3,415 per gallon, down slightly from a week ago.
On November 15, 2021, the average cost of gas nationwide reached $ 3,415 per gallon, down slightly from a week ago.
Justin Sullivan / Getty Images

“Drivers are paying $ 1.50 more per gallon a year ago,” AAA spokeswoman Doug Shupe told LOVEBYLIFE.

“That means a guy with a typical midsize sedan with a 14 gallon fuel tank, is paying $ 21 more to fill that tank today than last year.”

Shupe said high crude oil prices, along with travel demand, have contributed to the rise as Americans look to compensate for lost trips due to the epidemic.

The Automobile Club of Southern California says drivers can reduce fuel costs by making sure their tires are properly inflated.
The Automobile Club of Southern California says drivers can reduce fuel costs by making sure their tires are properly inflated.
Shutterstock

Crude oil prices have dropped slightly in recent weeks, but are still around $ 80 per barrel.

Brent crude oil futures fell just 1 percent in Monday’s premarket trading to $ 81.21 per barrel, while US West Texas Intermediate crude fell $ 80 to $ 79.81 per barrel at 8:30 am ET.

White House officials have, for the most part, insisted that spiraling gas prices are out of their control, but recently, oil analysts have speculated that the administration may release oil from the US Strategic Petroleum Reserve at a cool price.

According to the AAA, California has one of the highest gas prices in the US due to inflation.
According to the AAA, California has one of the highest gas prices in all the US due to inflation.
LOVEBYLIFE / Mike Blake / File photo

Sen. Chuck Schumer called on President Joe Biden over the weekend to tap the reserve.

“No industry is saved, but fuel gasoline is the worst,” Schumer said at a press conference of ongoing supply chain disruptions. And it does it. ”

.

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