California Gas Prices Reach $6 Per Gallon Amid Global Tensions

AI Summary

California gasoline prices reached $6.01 per gallon, representing a nearly 30% increase since late February 2023 due to geopolitical tensions. Diesel prices also increased by 47%, averaging $7.50 per gallon. Nationwide, gasoline prices rose by 27 cents over the past week, averaging $4.30 per gallon, up from $4.03. The rising fuel costs are attributed to spikes in oil prices linked to the ongoing conflict involving Iran, impacting supply chains and essential economic transportation.