SACRAMENTO, Calif. (KTXL) — Gas prices in the Sacramento area reached a new record two days in a row this week, according to the American Automobile Association (AAA).
On Thursday, AAA listed the highest average price for a gallon of regular unleaded gasoline at $5.806, slightly above Wednesday’s highest average price for the same region at $5.80.
“Gotta budget the right way if you drive around because the prices are too high,” said driver Thane White.
Unfortunately, there doesn’t appear to be any end to the rise in sight as the price of crude oil continues to fluctuate in the wrong direction, Aldo Vasquez with AAA said.
“Because the cost of crude oil makes up about 60% of the cost of gasoline, the more expensive oil gets the more expensive gasoline is going to get for drivers,” Vasquez said.
The Stockton area also reached a new record on Thursday for the highest average price, with a gallon of regular unleaded gasoline at $5.749.
It is not unusual for gas prices to spike ahead of the summer travel season as demand increases. However, demand is actually down, according to AAA.
“The odd thing is when demand comes down we see prices come down, but that’s not the case right now because the cost of crude oil is so high it’s actually putting more pressure on gas prices when it should be doing the reverse,” Vasquez said.
“I can’t spend as much money as I want to. I can’t travel,” said driver Derwin Nickelberry.
And others, like rideshare driver Jim Haadad, have even had to rethink what work they can take on.
“If there’s a 15-mile away trip, I don’t go get it because it’s going to cost me more gas and I don’t make money,” Haadad said.
What drivers FOX40 spoke to are not doing is relying on promised relief from the state. There is no indication the competing proposals from the governor’s office and legislature, which would offer $400 payments, would get money in the hands of Californians any time soon.
In a statement, the California Assembly Speaker and Senate Pro Tempore told FOX40, “We have been clear from the first conversations on this issue that the Legislature wants to help as many people as we can, as quickly as possible. We are actively working on the best way to deliver that support to Californians in need.”
As of Thursday, California’s current average for a gallon of regular unleaded gasoline is $5.853, with mid-grade at $6.052 and premium at $6.189, according to AAA.
A gallon of diesel is currently at $6.514, which is also the highest recorded average in the state for this type of fuel.