Gas prices are at a 7-year high, with one California town reaching a whopping $7.59 per gallon

Gasoline prices of nearly $ 5 per gallon are displayed outside a Shell gas station in San Rafael, California on October 5, 2021. Photo by Justin Sullivan / Getty Images
Gasoline prices in a small California town hit $ 7.59 per gallon of regular unleaded gas this week.
That is almost double the national average, which is a seven-year high.
As always, a variety of complex factors play a role in gasoline costs.
This week, your average American gas station will likely find prices in the range of $ 3.50 for a gallon of regular unleaded gasoline.
But if you're in rural California along the Big Sur coast, you could pay more than double.
In Gorda, for example, a gas station charges a whopping $ 7.59 per gallon of regular unleaded lead, and the premium is just under $ 8.50 per gallon, local ABC subsidiary KFSN reported Thursday.
Even if you fill up a car with a relatively small tank for $ 7.59 a gallon, you'll see over $ 75 for just 10 gallons.
It's not just you: gasoline prices are at a seven-year high, according to federal data. While there are some clear reasons for this that are momentarily specific, such as the ongoing effects of the global pandemic, gas prices are the result of a variety of complex factors.
For example, the cartel of oil exporters who control the oil market has a major impact on the price of gasoline. This group, which includes OPEC and other oil-producing nations, recently confirmed its plans to gradually increase oil production despite pressure from the United States and India.
Unfortunately, according to the AAA, the upward trend in gasoline prices is set to continue.
"If oil prices remain high, pump prices will follow suit, as the cost of crude oil is more than half the price of a gallon of gasoline," said a blog post by the American Automobile Association. According to the Post, the demand for oil will probably only increase with the approach of winter, which could put the supply under further pressure in the coming months.
Do you have a tip? Contact Insider Senior Correspondent Ben Gilbert via email ( or Twitter DM (@realbengilbert). We can keep sources anonymous. Use an inoperative device to reach. PR pitches only via email, please.
Read the original article on Business Insider

You should check here to buy the best price guaranteed products.

Last News

Wisconsin's governor vetoed 5 Republican anti-abortion bills in a single day after conservative Supreme Court justices seemed willing to overturn Roe v. Wade

Zendaya Has Been "Stressed Out" About The Idea Of Tom Holland Throwing Up In His Spider-Man Suit Since 2019: "It’s A Genuine Concern"

Demi Lovato Says They’re No Longer ‘California Sober’ | Billboard News

Tiger Woods praises Bryson DeChambeau, has modest comparison for Collin Morikawa

Keanu Reeves And Carrie-Anne Moss Talked About Their 20+ Year Long "Matrix" Relationship, Calling It A "Soul Friendship"

Bob Jenkins wins 2021 Myers Brothers Award