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Report: Gas Prices Skyrocketing

  

The latest survey of Sacramento area gas stations shows prices have gone up by a whopping 40 cents a gallon in the last week.

Tracking service Gas Buddy says the average price for a gallon of gas is now $3.18. That's 84 cents higher than a month ago.

Gas Buddy analyst Patrick DeHaan says "new records were broken...in California as prices spiked at their fastest pace ever." 

He says a rash of refinery problems, including an explosion at a California refinery, has pushed wholesale prices higher.

The price spikes are expected to slow over the next week.

 gas prices

Steve Milne

Morning Edition Anchor & Reporter

Steve is the voice of Capital Public Radio News as anchor of Morning Edition and Insight. He covers stories on a wide range of topics including: business, education, real estate, agriculture and music. Steve also produced stories for CapRadio.org.   Read Full Bio