Policy

California Gas Prices Go Bonkers

It's like eleventy billion dollars a gallon, thanks in part to state regs.

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Californians awoke on Friday to yet another unprecedented spike in the price of gasoline that brought the one-week increase in the Golden State to a whopping 36 cents a gallon.
Prices dropped, however, on the wholesale market, possibly signaling the end to a price spike that has blindsided the state's car-loving consumers.
"It's insane," said Matt Hurd, 35, as he filled up at a San Francisco gas station near the Bay Bridge. "Especially with this thing," Hurd, who works in real estate, added, motioning toward his white SUV. "It's going to cost triple digits to fill it up."