Why California gas prices spiked overnight
New York Post • • business
Key Points:
- Gas prices in California surged overnight, with the average price per gallon reaching $4.905 on Friday, nearly 10 cents higher than the previous day and significantly above the national average of $3.32.
- Several Bay Area cities reported gas prices exceeding $5 per gallon, including Santa Rosa and San Rafael at $5.058, and San Francisco at $5.041, while Southern California areas like Los Angeles-Long Beach and San Diego saw prices close to $5.
- The recent spike follows a week where California’s average was $4.642 per gallon, already well above the national average, with market shocks from US-Israeli strikes in Iran contributing to the increase.
- California's higher gas prices are
