California reached a new historical record in the price of gasoline this Monday
In California, the price of a gallon of gasoline maintains an upward trend.
Photo: Justin Sullivan / Getty Images
California reached a new record in the price of a gallon of gasoline on Monday with $ 4. 682 dollars , surpassing the previous mark for the state , which was since October 2012.
For the second consecutive day, the price of regular unleaded fuel had an upward trend, according to data from the American Automobile Association (AAA) .
In October 2012, the gallon of gasoline reached $ 4. 671 dollars in the state.
ALL-TIME RECORD ⛽️: California gas prices hit an average price of $ 4 . 676 Sunday, setting the highest recorded average price for regular gasoline , according to AAA. https://t.co/OheemrDKVX
In California there are the highest gasoline prices in the country, which has a national average of $ 3. 100 dollars for this Monday .
The AAA reported that production capacity has been reduced due to the intense storms that occurred in northern California and that later affected the south of the state, as happened in Louisiana due to the hurricane Ida.
“It is a small supply crisis that we have now, there is nothing important, until the refineries in Northern California can return to its total production capacity ”, expressed the manager of corporate communications of the Aut Mobile Club of Southern California.
Gasoline can reach $ 5 dollars
In some areas, the price of fuel is reaching $ 5 per gallon in upstate , where the average cost was $ 4. 97 Dollars; while in the Bay Area it was $ 4. 85 dollars per gallon,.
This increase represents that the California residents are paying about $ 1.5 more per gallon for gasoline than a year ago .
In addition to the storms in northern California, other factors that directly impact are the highest crude oil prices in the world , in addition to the high demand for fuel that is registered among the population.
Although oil prices of the United States have had an increase greater than 65%, the production of US crude oil is approximately a 14% below the levels at the end of 2019 , just before it started the COVID pandemic – 19.
Wall Street banks warned that oil may reach prices above $ 97 dollars.
Fuel prices are expected to begin to stabilize and to has a downward trend by the end of the year.
