Gas prices are skyrocketing across the country and especially in California, where prices have hit a new high.
As Yahoo News reports:
Brian Sproule squinted against the sun on Monday as he examined the price board at a Chevron station in downtown Los Angeles, where a regular gallon of gas was $6.05.
Sproule, 37, is a mobile notary who spends much of his time in his car. He said he’s used to spending about $40 to fill his tank, but by the time he capped off his Hyundai Elantra, the meter displayed a whopping $71.59.
Gas prices in California are soaring to record levels as the holiday season approaches, combining with supply chain problems that have left some goods in short supply and mounting inflation to create a distinctly unfestive strain on many people’s wallets.
Statewide, the average price of a regular gallon reached an all-time high of $4.682 on Monday, according to the American Automobile Assn. Experts are not sure how high pump prices will go, but it’s going to further squeeze consumers who hope for a more normal holiday season of road trips to family gatherings and drives to shops to purchase presents.
Incensed by the continuing high prices, President Biden on Wednesday asked the FTC to investigate why prices are so consistently high:
President Biden has asked the FTC to examine why prices at the pump aren’t going down, despite declining oil and gas prices.
— The White House (@WhiteHouse) November 17, 2021