SAN FRANCISCO, California (CROWN) – The price per gallon is even higher than a few weeks ago across the Bay Area, and now prices in San Francisco have reached a new record.
“We are talking record gas prices. This is a price that has never been seen before,” said AAA spokesman Sergio Avila.
At some SF gas stations, the price of Regular is higher than $ 4.75.
This time last year, a gallon of gas was only $ 3.42.
AAA spokesman Sergio Avila explains how international market forces are affecting fuel costs here in the states.
“Crude oil really drives the price of gasoline. Not just in the entire Bay Area, but across the country.
California has the highest gasoline prices in the country, and the Bay Area owns the highest price of fuel in the state.
The solution, according to California Governor Gavin Newsom, is to break the state’s dependence on gasoline completely.
We will hear directly from top executives from Exxon, BP, Chevron and Shell when they testify Thursday on Capitol Hill before a hearing.
They are expected to highlight the rise in gas prices and the global crisis in energy supply.