California Gas Prices Reach All-Time Record High

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California Gas Prices Reach All-Time Record High
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California's average gas price reached a record high of $5.90 per gallon on Friday, according to AAA.

Gas prices are high in California because of higher fuel taxes and stricter red tape. As a result, the average driver in California is charged about $300 in excise gas tax each year, according to Newsom’s office.

Newsom’s plan to give money to drivers would entail $400 debit cards for registered vehicles, including electric-powered vehicles, perhaps to not reduce the incentive to purchase an expensive electric-powered car.. Newsom’s plan still must be approved by the state’s legislature.“They’re not as high in real terms as they were earlier in this century.”

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