California’s $4 Gasoline May Mean a Price Shock Across U.S.
- Retail price boost marks first since before pandemic hit state
- West Coast pump inflation could portend price rises elsewhere
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California gasoline prices rose to $4 a gallon for the first time in a year and a half as more motorists hit the road amid easing pandemic restrictions in the most-populous U.S. state.
The price in the most-expensive U.S. fuel market is up about 10 cents over the last month, according to AAA, amid a rally in crude oil and expanding fuel demand nationwide. Gasoline consumption across the country is on track for its third straight monthly increase, which which would be the longest streak since last summer, Energy Information Administration figures showed.