Gas Prices Rise To Record Levels For February

SACRAMENTO (CBS13) — It’s a three-day weekend for lots of folks with Presidents’ Day on Monday, but high gas prices could but a damper on holiday traveling.

A gallon of regular unleaded gas is hovering around the $4 range in the Sacramento area and could climb as high as $5 this summer.

The average in California is $3.99, according to AAA, and across the country gas prices are the highest they’ve every been at this time of the year. They’ve jumped 25 cents per gallon since January.

Rising costs of crude oil, tensions with Iran and a cold snap in Europe are being blamed for the price hike.

Whatever the reason, motorists are none too happy about it.

“What do I think? I couldn’t say it on TV,” one man fueling up in West Sacramento told CBS13.

Experts say the high gas prices could have numerous dominoes effects, including skipping out on vacations and tightening their pocketbooks in an already depressed economy.

Comments

One Comment

  1. swim says:

    How come the news never look at the speculative buyers artificially inflating the price? Wall Street looking for more record profits.

    1. nothingchanges says:

      swim, Look up how much California taxes are added to a gallon of gas. Honestly, Why would it be $3.40 in Alabama and $4.00 in California ?

      1. Swim says:

        Try looking up production/transportation costs vs. what we pay. I did the math last year when gas was around $3.45 found that it was being produced and shipped for less than a dollar. $.60 in tax is nothing compared to what oil companies hit us with.

  2. nothingchanges says:

    $3.40 here🙂

  3. California Su`ks says:

    Typical of Laughing stock California-Always higher prices than everywhere ELSE!!

  4. laurie209 says:

    It’s just another scam being pulled on the United States by foreign oil and those in are own country trying to make a fast buck. What a shame that some have turned to this.

  5. Obama Nation says:

    And the clown obama supported by the liberal enviro wackos stops the keystone pipeline and is blocking drilling in northern Alaska……….. But being a Muslim he wants America on par with the rest of the third world nations…..and his plan is working.

    1. nothingchanges says:

      I believe there is truth to ” he wants America on par with the rest of the third world nations…..and his plan is working” Because in order to get the Amero in place they have to get Canada – United States and Mexico at the same monetary/financial level.

      1. kingsfan says:

        cool conspiracy story, did you know we never landed on the moon either

    2. BUGZ55 says:

      A tv talk show pointed out that oil is refeinded in the US then sold to China. Thats why it costs so d… much.

    3. kingsfan says:

      any oil produced from the keystone pipeline gets sold on the world market. It does NOTHING for our oil consumption

  6. nothingchanges says:

    California “Gas 35.3” “Diesel18” “Other taxes15.2” “Other Taxes” columns include a 2.25% state sales tax for gasoline and at least a 1.25% local sales tax for various counties in the state for diesel. The tax rate applied is a weighted average based upon county populations. A 2 cpg state UST fee is also included

    1. nothingchanges says:

      These are taxes added to the cost per gallon.

  7. Ray says:

    Good old gas company greed and Republicans just keep helping them stay that way with subsidies and yet they make billions in profit each year and do not even bother to build a new refinery in case something happens to the ones we have. We always manage to close for repairs and run our prices up each year.

    1. nothingchanges says:

      Ray, Democrats run California. They are the ones adding additional taxes to the gallon of gas.

    2. nothingchanges says:

      Ray I was born and raised in California. We recently moved to the south east which is a lot more conservative than Cali, In Alabama the cost for a gallon of gas is $3.40. So much for your theory that republicans are to blame😉

  8. Brenda Hankins says:

    I think that since it is a election year gas should go way down. I just got home from a road trip and found diesel for 3.58 a gal in Nevada……Why is California’s so high we all should get together and protest the prices and maybe they will go down alot………..

    1. Fred says:

      Brenda, you really are quite simple, aren’t you?

  9. Keep them locked up! says:

    What irritates me is is the price going up 20-45 cents in a few hours. I drove by one station in Placerille, it was $3.69 for regular, 2 hours later is was $3.79, about 2 – 2.5 hours after that it was $3.99, today, hmm, it’s $4.19. Really, how much fuel do they have delivered in a few hours.

    1. derF says:

      Free enterprise at its best. Don’t like the price, don’t buy it.

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