Diesel prices in California are so high that some gas stations can't show the correct price on their pumps. Patrick De Haan, the head of petroleum analysis at GasBuddy, found that five California gas stations have hit $9.999 per gallon — the maximum price that gas stations can show on their digital displays, which typically only display four digits. The report is based on GasBuddy's data.
The cities and specific stations were not identified in De Haan's post, but he showed a screenshot of the reported prices. GasBuddy is known for tracking gas prices as stations across the nation. As of September 9, California's average diesel price was $7.76 per gallon, according to the U.S.
Energy Information Administration. The increase comes as the U.S. war in Iran wears on and the world faces a limited supply after the Strait of Hormuz was closed. That price was a 55-cent increase from a week prior, and up $2.81 from this time last year.
Diesel also hit a new high nationwide; the U.S. average for diesel hit a record $5.87 per gallon, topping the previous high of $5.81 that was set in June 2022. Energy Information Administration reports that national diesel prices were up 3.7 cents week over week and $1.97 year over year. Reports of extremely high prices at individual gas stations have been plaguing California.
At one station in Fenner, California, prices for regular gas were reportedly $9.69 per gallon, according to CBS 12 News. In May, a Chevron station in downtown Los Angeles reportedly was charging $8.89 per gallon for diesel and $8.29 for regular gasoline. Regulators in California have reportedly launched an investigation into extreme fuel pricing at individual stations in the San Bernardino and Los Angeles areas, though no alleged outliers have been proven.
President Donald Trump, whose war in Iran has been a major driver of high fuel prices, admitted that oil prices are not likely to fall until at least after the midterm elections. "Right after the election, oil prices are going to be tumbling downward. They're going to be tumbling down, and we'll get them down.
Extract — continue reading at the source.
