10.9 C
Thursday, April 18, 2024

West-Coast City Sets Record Gas Price High


Related stories

WHO hosts the first forum on traditional medicine

The World Health Organization will convene its first summit...

Despite profit-taking, the price of oil still records a weekly rise

As the dollar rose and oil speculators took profits...

Kenya bans churches after allegations of killing worshipers who were starved

According to a government document made public on Friday,...

San Francisco just set a new all-time high record for gas prices.Adene Sanchez | Getty Images

GasBuddy reported Thursday that the price in the Bay Area hit $4.75 a gallon, which beat the record of $4.743 that was set in 2012. 

As local news outlet KRON 4 pointed out, the price for a gallon of gas in the area a year ago was $3.42. 

California has the highest gasoline taxes, which helped propel San Francisco to the top spot. GasBuddy’s Patrick De Haan told Fox Business that the gasoline taxes, high cost of doing business in the region and “refinery issues that developed early this week due to the deluge of water” all contributed to the high price. 

Read Also  The FBI cites 'evidence of obstruction' in the search for Trump's Florida home

De Haan also warned that if oil supply and prices continue to rise, the average price could get closer to $5 a gallon. There is no guarantee that will happen, he said.

Gas prices have been rising around the country. Per AAA, the national average price for Friday is $3.401, with states like Washington, California and Nevada seeing highs of $4.588 to $3.571 per gallon and states like Minnesota and Wisconsin seeing lower prices between $3.180 and $3.022. Mid-grade gasoline is averaging $3.74 across the country and premium is averaging $4.01 while diesel sits at $3.63.

The average price of a regular gallon of gas a year ago was $2.147. 

Read Also  If Russia invades Ukraine, the US promises a 'rapid, severe, and united response.'

Oh hi there 👋
It’s nice to meet you.

Sign up to receive awesome & exclusive content in your inbox, every week.

We don’t spam! Read our privacy policy for more info.

InsiderBLM is a fast-growing business site with deep financial, media, tech, and other industry verticals.


- Never miss a story with notifications

- Gain full access to our premium content

We don’t spam! Read our privacy policy for more info.

Latest stories