• 4 minutes Energy Armageddon
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 10 minutes Wind droughts
  • 28 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 21 hours "Biden Is Running U.S. Energy Security Into The Ground" by Irina Slav
  • 5 hours "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 1 day "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 2 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 13 hours Uniper is over - Germany (Government) buys the Company
  • 1 day "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 11 hours "How BlackRock Conquered the World" by James Corbett (all 3 parts)
  • 1 day "Oil prices likely not responsible for inflation and other energy insights by hedge fund manager Josh Young" - Kitco News interview by David Lin
  • 1 day The Federal Reserve and Money...Aspects which are not widely known
  • 7 days "Dodgy Demand Data? The Oil Price Collapse Conspiracy" by Alex Kimani
  • 12 days Is Europe heading for winter of discontent with extensive gas shortages?
  • 14 days "Forget Oil, The Real Crisis Is Diesel Inventories: The US Has Just 25 Days Left" by Zero Hedge - 5 Stars *****

Gasoline Prices Just Hit An All-Time High In California

California's gasoline prices just hit an all-time high on Wednesday, at $4.72 per gallon.

And some experts are suggesting that California could see prices shoot up to as much as $5 per gallon in just a matter of months—or even earlier.

California enjoys some of the highest gasoline prices in the nation.

Some have extrapolated these prices to projections for $5 or even $7 per gallon—nationally. But GasBuddy CEO Patrick De Haan has said that California's high gas prices are not indicative of the rest of the United States.

"There's a lot of noise and alarmists that care more about clicks then accuracy. Have heard calls for #gasprices nationally to hit $5, $6 or even $7. Maybe Cali could see $5 or $6, but we're a long way off from that becoming a national average folks," De Haan said on Wednesday afternoon.

Higher crude oil prices have given rise to high prices at the pump, causing a headache for President Biden. On Wednesday, the national average of a gallon of gasoline was $3.51. This is about $1 per gallon more than the same time last year.

President Joe Biden has issued a warning to American consumers. A Russian attack on Ukraine is still a "distinct possibility", and there could be economic consequences—particularly as it pertains to energy.

"I will not pretend this will be painless… We're preparing to deploy all the tools and authority at our disposal to provide relief at the gas pump," Biden told ABC news on Tuesday.

While California's gasoline prices are not indicative of the entire nation, national gasoline prices have risen at a faster rate than California's on a percentage basis.

By Julianne Geiger for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News