California's already record-high gas prices are expected to get even more expensive in the coming months, fueled by the crisis in Ukraine.
SAN JOSE, Calif. -- California's already record-high gas prices are expected to get even more expensive in the coming months, according to experts, and it's all being fueled by the crisis between Russia and Ukraine.
"If Western countries come after Russia with sanctions, Russia could just say, 'Hey, we're just going to cut off oil,'" explained Patrick De Haan of GasBuddy."And that could cause oil prices to spike at a time that gasoline demand is continuing to recover as COVID numbers decline.""It's very likely that the Bay Area, especially San Francisco and San Jose will get to that $5 gallon average," said De Haan.
Gov. Gavin Newsom has floated a proposal to halt the July gas tax increase, but some Democratic legislative leaders expressed reluctance because the resulting $500 million in taxes goes to vital programs.