Consumer prices rose again
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Don’t be surprised if your next trip to the gas station costs even more. Gas prices have climbed in all 50 states, with California once again leading the nation with the highest prices, according to price-tracking website GasBuddy.
The overwhelming majority of gas stations are small businesses. The rise in the wholesale gas price they pay has cut deeply into their already thin profit margins.
A Chevron gas station in Los Angeles elicited headlines in recent weeks for charging an eye-popping $8.71 a gallon, becoming an emblem for the spike in fuel costs set off by the Iran war. Sky-high gas prices nationwide owe primarily to a historic oil shock that followed Iran’s effective closure of the Strait of Hormuz.
7don MSN
California gas prices reach highest mark in years as last oil shipment from Strait of Hormuz arrives
California gas prices reached their highest mark since 2023 as the last oil shipment from the Strait of Hormuz arrived at a Los Angeles County port.
CNN went to town on California’s highest-in-the-nation gas prices — leading a defensive Gov. Gavin Newsom to fire back at the left-leaning network. In a recent segment, Margins of Error host Harry Enten expressed disbelief at the numbers fueling the Golden State’s pain at the pump.
11don MSN
California gas prices hit $6 per gallon as fuel costs jump nearly 30 cents in a week across the U.S.
Fuel costs are rising after it gas became clear that Iran is not reopening the Strait of Hormuz, one of the most important oil export corridors in the world.
California gas prices rose for the second consecutive week and reached an average of $5.78 per gallon of regular fuel on Monday, up from last week's price of $5.65 per gallon, according to the U.S. Energy Information Administration. Why are gas prices going up
California gas prices crept even higher Thursday, hitting $6 per gallon for the first time in three years. Although the Golden State’s gas prices often lead the nation, those already-pricey trips to the pump have hurt Californians’ wallets even more since the U.
Alarm broke out as online posts warned that California has only six weeks of oil left.