California warns on price gouging
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The soaring costs are happening despite efforts made by the White House to release millions of barrels of oil from reserves.
A bill to suspend California’s gas tax for one year failed in committee at the Capitol. State Sen. Tony Strickland, R-Huntington Beach and author of Senate Bill 1035, told journalists Thursday morning outside the same Sacramento committee room that California prices are only going to rise at the pump.
Friday night into Saturday, gas prices across California climbed sharply, rising about 5 cents, to an average of $5.70 for regular fuel, according to AAA. The spike is already being felt by drivers and business owners in Lodi,
California already has the highest gas prices in the country, and costs at the pump are going up due to a mix of supply issues and a switch to the summer blend.
The price of gasoline continued its upward trend Saturday while newly released data shows a recent decrease in demand and production. Here are the latest numbers.