California Gas Price Averages Soar to All-Time Record High
On Sunday, California gas prices rose to a record-setting high average of $4.676 per gallon for regular gasoline, according to the American Automobile Association (AAA). The previous record average price of $4.671 was set in October 2012.
The Golden State is America’s largest state by population and currently has the highest gas prices in the country even as the national average dropped slightly to $3.413.
One reason for the increase, AAA said, is the state’s reduced refinery production capacity due to heavy rainstorms in northern California which then trickled down the supply chain, impacting southern California similar to what happened in Louisiana during Hurricane Ida last August.
“It’s a bit of a supply crunch we have right now, there’s nothing major, until the refineries in Northern California can get back up to full production capacity,” said Jeffrey Spring, Corporate Communications Manager of the Automobile Club of Southern California. – READ MORE
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