barrel of oil reaches $104, staying over $100 in 2014
Gas prices climbed past the $4 threshold in the Sacramento region. The average price of a gallon of regular gas is $4.049, compared to $3.976 a week ago, according to the AAA Fuel Gauge Report.
That’s an increase of 7.3 cents, and 21.9 cents more than last month. A year ago, gas cost $3.839. The record high for gas was $4.573 in June 2008.
Why so high? California refineries start switching to a more expensive blend of fuel for summer, according to the Los Angeles Times. Problems with maintenance at the refineries have also hurt prices. Plus we had a holiday weekend.
Gas prices in Sacramento are still 16.7 cents less than the state average of $4.216. The national average is $3.669, which is 3.1 cents less than last week’s $3.638. A year ago, the national average was $3.517.
AAA issues daily averages for metropolitan areas across the country, based on its survey of credit-card purchases at self-serve stations.
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