The Numbers Crunch: California’s Pain at the Pump Comes with a Premium

Not that I want to date myself too much, but I’m old enough to remember when gas was less than a buck a gallon.

So when I fill up, I can’t help feeling a little hosed, especially knowing that California has now passed Alaska and Hawaii for the ranking no one wants – the nation’s highest prices at the pump.

In fact, according to a new calculation out this week, the price gap in May between the California and U.S. averages was a whopping $1.03, the biggest in at least 15 years. The cost “premium” ranged from 80 cents in the Sacramento region to $1.19 in Los Angeles.

California’s higher gas prices cost businesses and consumers roughly $1 billion total in May, the California Center for Jobs and the Economy estimates.

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