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.
 

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