{"id":448909,"date":"2022-05-18T15:36:49","date_gmt":"2022-05-18T12:36:49","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/californias-6-gas-prices-may-spread-nationwide-analysts\/"},"modified":"2022-05-18T15:36:49","modified_gmt":"2022-05-18T12:36:49","slug":"californias-6-gas-prices-may-spread-nationwide-analysts","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/californias-6-gas-prices-may-spread-nationwide-analysts\/","title":{"rendered":"#California&#8217;s $6 gas prices may spread nationwide: analysts"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a406f247edc8\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a406f247edc8\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/californias-6-gas-prices-may-spread-nationwide-analysts\/#%E2%80%9CCalifornias_6_gas_prices_may_spread_nationwide_analysts%E2%80%9D\" >&#8220;California&#8217;s $6 gas prices may spread nationwide: analysts&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CCalifornias_6_gas_prices_may_spread_nationwide_analysts%E2%80%9D\"><\/span>&#8220;California&#8217;s $6 gas prices may spread nationwide: analysts&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>The average price for gasoline could hit $6 nationwide by the end of the summer after it crossed the dreaded the threshold in California, according to analysts at JPMorgan.<\/p>\n<p>Limited supply exacerbated by the Russian invasion of Ukraine, coupled with what is expected to be sky-high demand as Americans take to the roads this summer for <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">travel<\/a>, will likely push gas prices even higher.<\/p>\n<p>US crude rose to $114.07 per barrel while Brent crude, the international standard, was trading at $114.86 per barrel as of Tuesday, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.eia.gov\/todayinenergy\/prices.php\">according to the US Energy Information Administration<\/a>.<\/p>\n<p>\u201cThere is a real risk the price could reach $6+ a gallon by August,\u201d Natasha Kaneva, head of global oil and commodities research at JPMorgan, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cnn.com\/2022\/05\/17\/energy\/gas-prices\/index.html\">told CNN on Tuesday<\/a>.<\/p>\n<p>\u201cWith expectations of strong driving demand \u2026 US retail price could surge another 37% by August,\u201d JPMorgan analysts wrote in a report.<\/p>\n<p>The average price of a gallon of gas rose nationwide to a record $4.56 on Wednesday, according to AAA.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"736\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/boxer-heart-attack-death-04-1.jpg?w=1024\" alt=\"Limited supply coupled with rising demand have pushed the price of gas to record highs.\" class=\"wp-image-22312449\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/boxer-heart-attack-death-04-1.jpg?quality=75&amp;strip=all&amp;w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/boxer-heart-attack-death-04-1.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/boxer-heart-attack-death-04-1.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Limited supply coupled with rising demand have pushed the price of gas to record highs.<\/figcaption><figcaption><span class=\"credit\">China <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> Service via Getty Ima<\/span><\/figcaption><\/figure>\n<p>The only three states who were below $4 a gallon as of Monday \u2014 Georgia, Kansas, and Oklahoma \u2014 crossed the threshold on Tuesday, AAA reported.<\/p>\n<p>A week ago, the average price of gas per gallon was about 16 cents cheaper. Last month, the average was 48 cents cheaper. A year ago, the average cost of a gallon of gas was $3.04.<\/p>\n<p>California leads the nation in highest average price per gallon, according to AAA. As of Wednesday, a gallon of gas in the Golden State cost $6.05. Motorists in the Bay Area as well as Los Angeles County were feeling the pinch.<\/p>\n<p>Gas in San Francisco cost $6.30 per gallon on average, while in nearby Marin County in went for $6.27. In Los Angeles, motorists were paying $6.09 per gallon.<\/p>\n<p>The state with the cheapest gas as of Wednesday was Kansas, where a gallon sold for $4.03.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/boxer-heart-attack-death-05.jpg?w=1024\" alt=\"All 50 states crossed the $4 threshold for an average price of a gallon of gas.\" class=\"wp-image-22312447\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/boxer-heart-attack-death-05.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/boxer-heart-attack-death-05.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/boxer-heart-attack-death-05.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>All 50 states crossed the $4 threshold for an average price of a gallon of gas.<\/figcaption><figcaption><span class=\"credit\">REUTERS<\/span><\/figcaption><\/figure>\n<p>The only way that gas doesn\u2019t reach $6 per gallon is if demand drops due to the sky-high prices.<\/p>\n<p>The oil and gas industry has criticized the Biden administration for its policies which they say have kept supply limited.<\/p>\n<p>Last week, the Biden administration announced that it was canceling three oil and gas lease sales scheduled in the Gulf of Mexico and off the coast of Alaska \u2014 removing millions of acres from possibly drilling.<\/p>\n<p>The Interior Department announced the decision last Wednesday night, citing a lack of industry interest in drilling off the Alaska coast and \u201cconflicting court rulings\u201d that have complicated drilling efforts in the Gulf of Mexico, where the bulk of US offshore drilling takes place.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"705\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/california-gas-six-dollars-high-02.jpg?w=1024\" alt=\"Americans are expected to take to the roads this summer -- which will likely put an even greater strain on supply.\" class=\"wp-image-22312441\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/california-gas-six-dollars-high-02.jpg?quality=75&amp;strip=all&amp;w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/california-gas-six-dollars-high-02.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/california-gas-six-dollars-high-02.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Americans are expected to take to the roads this summer \u2014 which will likely put an even greater strain on supply.<\/figcaption><figcaption><span class=\"credit\">ZUMAPRESS.com<\/span><\/figcaption><\/figure>\n<p>The decision likely means the Biden administration will not hold a lease sale for offshore drilling this year and comes as Interior <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ears set to let a mandatory five-year plan for offshore drilling expire next month.<\/p>\n<p>\u201cUnfortunately, this is becoming a pattern \u2014 the administration talks about the need for more supply and acts to restrict it,\u2033 said Frank Macchiarola, senior vice president of the American Petroleum Institute, the top lobbying group for the oil and gas industry.<\/p>\n<p>\u201cAs geopolitical volatility and global energy prices continue to rise, we again urge the administration to end the uncertainty and im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>tely act on a new five-year program for federal offshore leasing,\u2033 he said.<\/p>\n<p><em>With Post wires<\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/apnews.com\/hub\/climate\">\n                        <\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/05\/18\/californias-6-gas-prices-may-spread-nationwide-analysts\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;California&#8217;s $6 gas prices may spread nationwide: analysts&#8221; The average price for gasoline could hit $6 nationwide by the end of the summer after it crossed the dreaded the threshold in California, according to analysts at JPMorgan. Limited supply exacerbated by the Russian invasion of Ukraine, coupled with what is expected to be sky-high demand&#8230;<\/p>\n","protected":false},"author":1,"featured_media":448910,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/california-gas-six-dollars-high-comp-1.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[129343,70752,94183,100568,72970,74489],"class_list":["post-448909","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-5-18-22","tag-energy","tag-gas","tag-gas-prices","tag-oil","tag-oil-prices"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/448909","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=448909"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/448909\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/448910"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=448909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=448909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=448909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}