It took only a few weeks for California gas prices to skyrocket, but it will likely take months for them to come down, experts say.
It took only a few weeks for California gas prices to rocket pastand reach nearly $6 last week. But drivers hoping to see a dramatic drop in fuel costs in the coming weeks – or even in time for a summer road trip – should not hold their breath, fuel industry experts said Monday.
Gas Prices in the Los Angeles area are still scraping $6 a gallon at $5.97, down only a few cents from their all-time highs last week, while prices in San Jose are $5.80 down 5 cents and San Francisco is down about four cents to $5.90, according to AAA. , as fuel demand swung from a pandemic travel collapse that briefly plunged oil prices into negative territory to surging vehicle trips fueled by the economy reopening.than the national average due to a combination of higher taxes, environmental regulations, and according to some analysts, larger profit margins in the oil industry.
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