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Gas Price Hits $7.59 Per Gallon in California Town

Gasoline prices across America rise to the highest levels in seven years

 on 23rd October 2021 @ 1.00am
americans are being hit hard by rising gas prices © press
Americans are being hit hard by rising gas prices

The price of gasoline has been soaring across America in recent months, with the gas price hitting a staggering $7.59 per gallon in one California town this week.

Gas prices across the country have now hit the highest levels in seven years as the nation struggles with supply chain issues under Democrat Joe Biden's crumbling economy.

In the town of Gorda, California, located along the Big Sur coast, a gas station is charging $7.59 per gallon of regular gasoline, according to KABC 7 Los Angeles.

The same gas station was also charging $8.50 for a gallon of premium.

According to WPTV 5, the reason for the sky-high price is that the town, located on Highway 1 in Southern California, has only one gas station.

The nearest gas stations are 40 miles to the North and 12 miles to the South, meaning the station can charge exorbitant prices.

the station hit  7 59 per gallon of regular gasoline and  8 50 for a gallon of premium © press
The station hit $7.59 per gallon of regular gasoline and $8.50 for a gallon of premium

WPTV reports that in July 2019, the town’s lone AmeriCo gas station charged as much as $11.75 per gallon.

Even though prices at the Gorda gas station are incredibly high — far above average, even in California — gas prices around the state and around the country continue to rise.

Gas in Monterey County, California, where Gorda is located, is currently at $4.60 a gallon, just slightly above the California average of $4.53, according to AAA.

The national average price for a gallon of gas is currently $3.36, up 5 cents from last week, and up 16 cents from earlier this month, when gas rose to $3.20 per gallon.

That was the highest recorded price for a gallon of gasoline since 2014, as previously reported by The Daily Wire.

The current price is still a fair distance from the record high of $4.11, set in 2008, but is even further away from the national average at the same time last year, when gas was just $2.16 per gallon, per AAA.

"Compared to the price of gas a year ago, it now costs consumers about $17 more to fill up their vehicles,” AAA spokesperson Andrew Gross said in a statement.

"That’s the cost of a large pizza with toppings.

"And unfortunately, it doesn’t look like drivers will be finding relief at the pump any time soon.” 

gas prices have been soaring in joe biden s crumbling economy © press
Gas prices have been soaring in Joe Biden's crumbling economy

GasBuddy concurred with AAA.

They recorded gas prices at $3.30 last week, citing the increase in crude oil prices due to increased demand and OPEC nations maintaining their production quotas.

"The national average closed the week by climbing to yet another fresh seven-year high, as the price of oil continues to drag gas prices along for the wild ride, leaving motorists on empty,” said GasBuddy head of petroleum analysis Patrick De Haan, in a statement.

"With OPEC holding back oil production and strong global oil demand, the situation will no doubt pave the road with even higher gas prices in the weeks ahead.

"Until several bottlenecks ease, including supply chains and low global inventories of oil, natural gas, and coal, we’ll be stuck feeling the pinch of rising oil and gasoline prices.

"The bad news is that for now, all I see is the upward trend at the pump continuing into the weeks ahead with no sign of relief just yet.”

[RELATED] JPMorgan Chase CEO Warns America: Prepare for 'Catastrophic' U.S Credit Default

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tags: economy | Joe Biden
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