Gas prices likely to surge to $4 a gallon, California analysts say

Local News
February 07 2021 03:30 pm

California gas prices are only expected to rise higher and higher, likely reaching $4 per gallon, according to petroleum analysts.

Predictions show prices are likely to rise to the highest level since 2015, according to GasBuddy, which would surpass 2018’s highest cost at $3.83 a gallon.

“In the next few days, it’s on its way to likely hitting $4 per gallon for the first time since July 27, 2014,” a GusBuddy news release says.

“Refinery problems have plagued the state and the entire West Coast as gasoline supply remains tight due to the change-over to summer gasoline. That has meant refineries must start building inventories from scratch to meet seasonally stringent specifications for gasoline,” GusBuddy explains.

Oil prices have also increased to the highest level in five months, reaching $63 per barrel as of April 5.

“While GasBuddy is alerting motorists to be prepared for higher prices, it warns motorists to abstain from filling their tanks to avoid making the supply issue worse,” GasBuddy warns.

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