California is seeing a crazy surge in gasoline prices along the Big Sur coast with prices reaching $7.59 for a gallon of fuel which is THE highest level nationwide in seven years.
According to KABC 7 Los Angeles, a gas station in Gorda, California, along the Big Sur coast, is charging $7.59 for normal fuel and $8.50 for premium gasoline.
What is the reason? According to WPTV 5, the community, which is located on Highway 1 in Southern California, has only one station, with the nearest being 40 miles north and 12 miles south. Due to its location, it has gouged the price of gas and this isn’t even the first time either.
Even though prices at the Gorda gas station are absurdly expensive — much over the national average, even in California – gas prices continue to climb across the state and country.
Gas in Monterey County, California, where Gorda is situated, is presently priced at $4.60 per gallon, slightly more than the state average of $4.53, according to AAA. The national average price of a gallon of petrol is $3.36, up 5 cents from last week and 16 cents from earlier this month when it reached $3.20. The highest price for a gallon of gasoline since 2014.
While the current price is still well below the record high of $4.11 established in 2008, it is much more than the national average for the same time period last year, when petrol cost just $2.16 per gallon, according to AAA.
“Compared to the price of gas a year ago, it now costs consumers about $17 more to fill up their vehicles,” AAA spokesperson Andrew Gross said in a statement. “That’s the cost of a large pizza with toppings. And unfortunately, it doesn’t look like drivers will be finding relief at the pump any time soon.”
AAA confirmed with GasBuddy. They reported gas prices at $3.30 per gallon last week, claiming a rise in crude oil prices as a result of increasing demand and OPEC nations adhering to their output restrictions.
“The national average closed the week by climbing to yet another fresh seven-year high, as the price of oil continues to drag gas prices along for the wild ride, leaving motorists on empty,” said GasBuddy head of petroleum analysis Patrick De Haan, in a statement. “With OPEC holding back oil production and strong global oil demand, the situation will no doubt pave the road with even higher gas prices in the weeks ahead. Until several bottlenecks ease, including supply chains and low global inventories of oil, natural gas and coal, we’ll be stuck feeling the pinch of rising oil and gasoline prices. The bad news is that for now, all I see is the upward trend at the pump continuing into the weeks ahead with no sign of relief just yet.”
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