Gas in California hit a record high of $4.72 a gallon on average on Wednesday — and experts say a whopping $5 a gallon will likely be the norm there in a matter of months, if not sooner
This isn't just an issue for West Coasters: Some of the factors behind the record prices, particularly those related to the switch to renewable fuels, could affect US gas costs nationally in the next few years.The US national average is currently $3.51 a gallon. Prices in California have long been among the highest, but they've soared in recent years in part because of changes at some West Coast refineries.
Other western states are also feeling the pain, like Hawaii — the only state with an average over $4, at $4.49 a gallon — as well as Washington, Oregon and Nevada, where prices are in the $3.90s.The switch to renewables affects prices in another way: higher taxes. California state gas taxes and fees are about 68 cents a gallon, compared to a national average of 39 cents, according to the American Petroleum Institute. California also levies taxes and carbon fees of roughly $1.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
State Ag Department Wants $5 Million to Improve Colorado Hemp ProcessingTurning hemp stalk into fiber is new and complicated for American manufacturers, with just three working hemp decorticators in the country, according to the Department of Agriculture.
Read more »
U.S. to provide $5 billion to help states build network of EV charging stationsPart of President Joe Biden’s $1 trillion bipartisan infrastructure bill, the EV program will distribute the money to qualifying states over a five-year period.
Read more »
Elon Musk donated over $5 billion to a charity in NovemberElon Musk was previously asked to donate to address world hunger, but he chose to donate over $5 billion to an unnamed charity instead.
Read more »
The Secret to Julia Fox's Slick Bun Costs Only $5Julia Fox wore the liquid-hair trend with a sleek updo hairstyle for the LaQuan Smith show at New York Fashion Week. See her bun hairstyle up close.
Read more »
Elon Musk Donated Over $5 Billion Worth Of Tesla Stock To Unnamed Charity Last YearThe huge transaction came weeks after he promised to sell 10% of his holdings in Telsa
Read more »