California’s gas prices hit a record high of $4.72 a gallon on Wednesday, and American Automobile Association spokesman Andrew Gross is warning the prices will stay high.
“More drivers fueling up here coupled with a persistent tight supply of oil worldwide provides the recipe for higher prices at the pump,” Gross said. “And unfortunately for consumers, it does not appear that this trend will change anytime soon.”
Tom Kloza, founder of Oil Price Information Service, the firm that tracks gas data for AAA, said he saw the all-time high coming.
“As predicted, California today hit [an] all-time high retail price average of $4.719 gal, the loftiest statewide price in US history. National average topped $3.51 gal,” Kloza tweeted. “If the ex Governator still has his Hummer, it might cost $198 to fill it with regular gas (holds 42 gallons).”
BIDEN PREPARES US FOR EVEN HIGHER GAS PRICES IF RUSSIA INVADES UKRAINE
As predicted, California today hit all-time high retail price average of $4.719 gal, the loftiest statewide price in US history. National average topped $3.51 gal. If the ex Governator still has his Hummer, it might cost $198 to fill it with regular gas (holds 42 gallons).
— Tom Kloza (@TomKloza) February 16, 2022
While California broke records, the nationwide average is still far from being beat. The highest average came in 2008 at $4.11 a gallon, according to AAA.
President Joe Biden preemptively warned Americans of higher gas prices on Tuesday amid concerns Russia will invade Ukraine.
“There could be an impact on our energy prices, so we are taking active steps to alleviate the pressure on our own energy markets and offset raising prices by coordinating with major energy consumers and producers to prepare to employ all the tools and authority at our disposal to provide relief at the gas pump,” he said during a press briefing.
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The national consumer price index for gas has increased by 40% since January 2021, according to the Bureau of Labor Statistics.
