California Gas Prices Surge Above $6 Amid Rising Inflation
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Californians continue to pay the highest average fuel prices in the country, and this week’s $0.17-per-gallon increase pushed the state average above the $6 threshold.
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ZeroHedgeBeyond gasoline, diesel prices in California now average a staggering $7.48 per gallon, up from $4.98 one year ago.
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Gasoline in the Golden State averaged $6.01 per gallon on April 30, the American Automobile Association (AAA) reported. Despite the price surge, the state’s average cost per gallon of gasoline is still below the record high of $6.43 per gallon in June 2022.
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ZeroHedgeThe statewide average for 87-octane gasoline in California has topped $6 a gallon as the Iran-war-driven global energy crunch ripples across the West Coast, the hardest-hit U.S. region. Meanwhile, the national average remains above the politically sensitive $4-a-gallon threshold, hovering around $4.30, according to AAA data as of Thursday morning. It’s clear that bad ‘green’ energy policies by unhinged, left-wing politicians in the Golden State have left the state’s energy complex in a total mess, with no buffers.
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March’s annual personal consumption expenditures (PCE) price index inflation advanced to 3.5 percent from 2.8 percent in February, according to new Bureau of Economic Analysis data released on April 30.
2 details only one outlet reported
Independent claims that didn't surface elsewhere in our corpus. Treat as supplementary — not corroborated across outlets.
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01 Epoch Times Business President Donald Trump said on April 30 that gasoline prices would plummet once the war with Iran ends, even as U.S. drivers face the highest pump prices in four years amid ongoing disruptions to global oil supply.
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02 ZeroHedge On the national level, gasoline prices continue to climb, now at $4.30 and remaining above the politically sensitive $4 level for one month.
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- zerohedge