{"id":293329,"date":"2026-04-30T15:57:12","date_gmt":"2026-04-30T15:57:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/293329\/"},"modified":"2026-04-30T15:57:12","modified_gmt":"2026-04-30T15:57:12","slug":"gasoline-price-in-california-hits-6-the-highest-in-the-us","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/293329\/","title":{"rendered":"Gasoline price in California hits $6, the highest in the US"},"content":{"rendered":"\n

Gasoline in California officially hit $6 per gallon on Thursday, making it the most expensive state to fill up as prices at the pump continue to climb.<\/p>\n

California\u2019s average of $6.01 per gallon is followed by Nevada, Oregon, and Washington, all of which have surpassed the $5 threshold.<\/p>\n

The national US average rose to $4.30 per gallon on Thursday, up $0.07 from the previous day<\/a> and the highest since July 2022, according to AAA data<\/a>.<\/p>\n

Drivers are spending more on fuel as the Middle East conflict has pushed oil prices to around $105 per barrel amid a deadlock between the US and Iran.<\/p>\n

Read more:\u00a0How oil price shocks ripple through your wallet, from gas to groceries<\/a><\/p>\n

\u201cSince March 1, Americans have spent $21.7 billion more on filling their tanks with gasoline,\u201d Patrick De Haan, head of petroleum analysis for GasBuddy, wrote on X on Thursday.<\/a><\/p>\n

Crude prices eased on Wednesday, with Brent crude futures (BZ=F<\/a>) falling below $110 a barrel. West Texas Intermediate (CL=F<\/a>) hovered near $105 as traders assessed the possibility of a prolonged blockade in the Strait of Hormuz<\/a>, which has become a flash point of the Middle East conflict.<\/p>\n

Economists are weighing how long energy prices can stay elevated before impacting the broader economy and whether higher inflation is here to stay.<\/p>\n

The Personal Consumption Expenditures price index (PCE) jumped 0.7% last month, the largest gain since June 2022, according to data from the Commerce Department’s Bureau of Economic Analysis.<\/p>\n

On Thursday, analysts at Deutsche Bank noted, \u201ctoday marks a significant, and perhaps unsettling, milestone for the US economy,\u201d as headline and core PCE inflation will have been above 2% for five consecutive years.<\/p>\n

\u201cThis raises a critical question for investors and policymakers\u201d of whether the US is \u201cin a new inflationary regime,\u201d or is this still merely \u201ctransitory.\u201d<\/p>\n

On Thursday, the Federal Reserve voted to hold interest rates unchanged in an 8-4 decision.<\/p>\n

\"SAN SAN DIEGO, CALIFORNIA – APRIL 24: Gas prices are displayed at a Shell gas station as an airplane approaches San Diego International Airport for a landing on April 24, 2026 in San Diego, California. (Photo by Kevin Carter\/Getty Images) \u00b7 Kevin Carter via Getty Images <\/p>\n

Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on X at @ines_ferre<\/a>.<\/p>\n

Click here for an in-depth analysis of the latest stock market news and events moving stock prices<\/a><\/p>\n

Read the latest financial and business news from Yahoo Finance<\/a>\u201c=<\/p>\n