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Most Expensive Gasoline in America Close to Record Highs

Published 2021-11-11, 11:52 p/m
Updated 2021-11-11, 11:52 p/m
© Bloomberg. BERLIN - MARCH 23: A gasoline station attendant pumps diesel into a car at a filling station on March 23, 2010 in Berlin, Germany. German President Horst Koehler said on Sunday higher petrol prices is the surest means to convince traditionally car-loving Germans to seek more environmentally-friendly alternatives, and his comment has already sparked the ire of the automobile lobby. (Photo Illustration by Sean Gallup/Getty Images) Photographer: Sean Gallup/Getty Images Europe

© Bloomberg. BERLIN - MARCH 23: A gasoline station attendant pumps diesel into a car at a filling station on March 23, 2010 in Berlin, Germany. German President Horst Koehler said on Sunday higher petrol prices is the surest means to convince traditionally car-loving Germans to seek more environmentally-friendly alternatives, and his comment has already sparked the ire of the automobile lobby. (Photo Illustration by Sean Gallup/Getty Images) Photographer: Sean Gallup/Getty Images Europe

(Bloomberg) -- California’s gasoline prices are only two cents away from hitting an all-time high as fuel prices have soared nationwide just two weeks ahead of the Thanksgiving holiday. 

Retail prices in the state of California were averaging $4.65 per gallon, just two cents shy of hitting the record high set in 2012, according to AAA data. Californians typically pay more for gasoline than anywhere else in the U.S. Nationally, prices at the pump are at averaging $3.42 per gallon, the highest in seven years.  

President Joe Biden has is facing increased pressure to relieve rising energy costs by tapping the country’s strategic reserves or by banning U.S. exports entirely. The President said he’s directed his top economic aides to focus on reducing energy costs, which he blamed for accelerating U.S. inflation.  

©2021 Bloomberg L.P.

© Bloomberg. BERLIN - MARCH 23: A gasoline station attendant pumps diesel into a car at a filling station on March 23, 2010 in Berlin, Germany. German President Horst Koehler said on Sunday higher petrol prices is the surest means to convince traditionally car-loving Germans to seek more environmentally-friendly alternatives, and his comment has already sparked the ire of the automobile lobby. (Photo Illustration by Sean Gallup/Getty Images) Photographer: Sean Gallup/Getty Images Europe

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