Californians are paying more than $4 for a gallon of gas, and prices are creeping up in the rest of the nation, too. The rising costs could start to have ripple effects.
The average price of a gallon of gas in the United States is now nearly $2.88, according to AAA. That's about four cents higher than it was Monday. Costs have been climbing quickly. The average price of a gallon across the nation has jumped between five and 25 cents each week over the past two months, said AAA spokesperson Jeanette Casselano.Consumers could start driving less, rethinking large purchases and changing their summer travel plans should the national average price near $3.
Try buying on MondaysBut there has been other, unplanned maintenance this year that has caused some refineries in California to slow production, contributing to the rising costs. One California refinery also cut production to rebuild after a fire, said Patrick DeHaan, head of petroleum analysis at GasBuddy.As a result, the nation's current supply of gas is down 30% from what it was during the same time in 2018, DeHaan said.Crude oil prices are also likely playing a role.
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