The average price of unleaded fuel in the Golden State reached $4.94 today, up 17 cents in the last week and up $1.25 from a year ago. Go deeper ➡️
a collision course with $5-per-gallon gasoline.The average price of unleaded fuel in the Golden State reached $4.94 on Thursday, up 17 cents in the last week and up $1.25 from a year ago.
Several regions have already topped $5, including San Francisco at $5.05 and Los Angeles-Long Beach at $5.01. California adds about $1.36 per gallon in taxes and fees to wholesale prices, Oil Price Information Service petroleum analyst Tom Kloza tells Axios.The Russian invasion of Ukraine has caused the price of oil to hurtle past $100 per barrel, as traders fear a disruption in Russian energy exports.That's up nearly $1 from a year ago but still trails the all-time record of $4.11 in 2008.
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