12/24/2024

Gas prices at $4 per gallon? We could see it with Syria and supply playing roles

Four-dollars-a-gallon gasoline, not seen in the Golden State since midsummer 2014, is starting to look likely due to developments that pushed at-the-pump prices into overdrive last week.

February predictions of $4-a-gallon gasoline in California by Memorial Day stalled a bit in March, but prices are climbing again, and not just in California. Nationwide, energy experts are forecasting gasoline prices to stay pegged at their highest levels since 2015.

On Monday, national gas price tracker GasBuddy.com put the average retail price of gas in California at $3.54 a gallon, up 17 cents from a month ago and a nearly 54-cent increase over last year. In Sacramento, the average was $3.42 a gallon, a 16-cent spike in one month and almost 52 cents higher than this time last year. In San Francisco, gas was going for an average of $3.65.

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