Gas prices now highest yet this year

News

Fresno gas prices climbed 50 cents a gallon since last month.

It’s now $3.99 according to gasbuddy.com.

AAA says the nationwide average is now $2.88 a gallon — a deal compared to California’s $4.08, the highest in the nation and a difference of $1.20.

More than half of that difference — some 70 cents — is accountable through state regulations and taxes, including the tax a ballot initiative failed to repeal last year.

Some calling the rest of the difference a “mystery surcharge.”  Last week, Governor Newsom requested a full analysis of gas prices from the state’s Energy Commission.

According to AAA, prices are rising worldwide after a state department move to end waivers to countries for oil imports from Iran and unrest in Libya and Venezuela.

Domestic oil is up 67% since December.

And in California, a recent malfunction partially shut down a Valero refinery in the Bay Area. While a fire at a Phillips 66 refinery near Los Angeles has it offline.

Combined with planned maintenance, output is down at half a dozen California refineries.
 

For local and breaking news, and to get weather alerts, download our FREE mobile app from the Apple App Store or the Google Play Store.

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.