{"id":255012,"date":"2026-04-07T02:26:10","date_gmt":"2026-04-07T02:26:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/255012\/"},"modified":"2026-04-07T02:26:10","modified_gmt":"2026-04-07T02:26:10","slug":"california-gas-prices-surge-raising-fears-of-inflation","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/255012\/","title":{"rendered":"California gas prices surge, raising fears of inflation"},"content":{"rendered":"<p> <img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us-ca\/wp-content\/uploads\/2026\/04\/uxzwh4g7s6l488em.jpg\" alt=\"Why high gas prices could trigger next inflation wave\" class=\"sr-only\" data-v-4292be72=\"\"\/>    <\/p>\n<p data-v-f1afc186=\"\">ALAMEDA, Calif. &#8211; For Californians, the sting of high gas prices may be a warning sign of<a href=\"https:\/\/www.ktvu.com\/tag\/iran-war\" target=\"_blank\" rel=\"noopener nofollow\"> broader economic trouble ahead.<\/a><\/p>\n<p data-v-f1afc186=\"\">&#8220;There\u2019s nothing I can do. I have to pay it. It is what it is,&#8221; said Pleasant Hill resident Marco Burciaga while filling up Monday morning.<\/p>\n<p data-v-f1afc186=\"\">&#8220;It\u2019s disappointing that it\u2019s so expensive because it stops a lot of people from going places and experiencing memories,&#8221; added commuter Jo Gruszka.<\/p>\n<p>  Global tensions driving oil costs <\/p>\n<p original-article-post=\"\" origination_station=\"KTVU\" data-v-ec26887a=\"\" data-v-f1afc186=\"\">What we know:<\/p>\n<p data-v-f1afc186=\"\">Experts say the recent surge in gas prices is tied to tightening global oil supplies.<\/p>\n<p data-v-f1afc186=\"\">&#8220;The war in Iran has tightened the world oil market because about 20% of all the world\u2019s oil was coming out of the Persian Gulf,&#8221; said Dr. Severin Borenstein, director of the UC Berkeley Energy Institute at Haas.<\/p>\n<p data-v-f1afc186=\"\">Crude oil is a cornerstone of the U.S. economy, and rising costs to secure and transport it are rippling across industries worldwide.<\/p>\n<p>  Ripple effects across industries <\/p>\n<p original-article-post=\"\" origination_station=\"KTVU\" data-v-ec26887a=\"\" data-v-f1afc186=\"\">Big picture view:<\/p>\n<p data-v-f1afc186=\"\">Higher oil prices are expected to drive up costs far beyond the gas pump, affecting everything from travel to food.<\/p>\n<p data-v-f1afc186=\"\">&#8220;Crude oil and the petroleum products that are being affected by the war go into the manufacturing of pretty much everything,&#8221; Borenstein said. &#8220;We\u2019ll start to see increases in the prices of manufactured goods and also in the delivery of those goods.&#8221;<\/p>\n<p data-v-f1afc186=\"\">Shipping companies are already adjusting prices.<\/p>\n<p data-v-f1afc186=\"\">The U.S. Postal Service has implemented a temporary 8% rate adjustment. FedEx has added a 26.5% freight fuel surcharge, subject to weekly changes. UPS has applied fuel surcharges ranging from 20% to 27% on deliveries since January. Amazon plans to introduce a 3.5% fuel and logistics fee for third-party sellers starting April 17.<\/p>\n<p>  Inflation concerns grow <\/p>\n<p original-article-post=\"\" origination_station=\"KTVU\" data-v-ec26887a=\"\" data-v-f1afc186=\"\">What they&#8217;re saying:<\/p>\n<p data-v-f1afc186=\"\">Economists warn that rising fuel costs could contribute to broader inflation.<\/p>\n<p data-v-f1afc186=\"\">&#8220;All of these are going to start to raise prices. That starts to show up as inflation,&#8221; Borenstein said. &#8220;And once it shows up as inflation, the Fed gets very worried about that because you can get into an inflationary spiral.&#8221;<\/p>\n<p data-v-f1afc186=\"\">Such a cycle can intensify as workers demand higher wages to keep up with costs, prompting businesses to raise prices further.<\/p>\n<p>  What consumers can do <\/p>\n<p original-article-post=\"\" origination_station=\"KTVU\" data-v-ec26887a=\"\" data-v-f1afc186=\"\">What you can do:<\/p>\n<p data-v-f1afc186=\"\">In the short term, experts recommend holding off on purchasing airline tickets if possible and shopping around for gas, as prices can vary significantly even within the same neighborhood.<\/p>\n<p>    <a href=\"https:\/\/www.ktvu.com\/tag\/us\/ca\" class=\"tags-tag\" data-v-f1afc186=\"\" rel=\"nofollow noopener\" target=\"_blank\">California<\/a><a href=\"https:\/\/www.ktvu.com\/tag\/iran-war\" class=\"tags-tag\" data-v-f1afc186=\"\" rel=\"nofollow noopener\" target=\"_blank\">Iran War<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"ALAMEDA, Calif. &#8211; For Californians, the sting of high gas prices may be a warning sign of broader&hellip;\n","protected":false},"author":2,"featured_media":255013,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[1184,7,9,8,93309,100,1181],"class_list":{"0":"post-255012","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-california","8":"tag-ca","9":"tag-california","10":"tag-california-headlines","11":"tag-california-news","12":"tag-iran-war","13":"tag-news","14":"tag-us"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/255012","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=255012"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/255012\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/255013"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=255012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=255012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=255012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}