In California, gas prices are rapidly approaching $6 a gallon. Nationally, gas prices remain well below the record of $5.02 set last June. Still, US gas prices climbed this week to $3.88 a gallon, the highest level of the entire year, according to AAA. And oil prices — the main driver of retail pump prices — continue to set new highs in large part because that’s what Saudi Arabia and Russia want. Related Articles Business | Gas prices hit 2023 highs as Russia, Saudi Arabia cut oil supplyGas prices hit 2023 highs as Russia, Saudi Arabia cut oil supply Business | LA-area gas prices rise 52 times in 57 daysLA-area gas prices rise 52 times in 57 days Business | The Compost: Forest thinning risks 🦅 vs. rewards 🔥 “It’s difficult for a central bank when oil prices rise.

Source: CNN September 20, 2023 16:02 UTC