West Coast drivers should brace for much higher gas prices in coming weeks, with some states facing increases up to $0.45 per gallon due to refinery issues and seasonal fuel changes.
Patrick De Haan, head of petroleum analysis at GasBuddy, warns that California could see prices eclipse $5 per gallon, while Nevada, Arizona, Washington and Oregon will also see sharp price increases.
The national average for regular gas reached $3.165 Friday, according to the American Automobile Association, up from $3.107 a week earlier. California leads with the highest prices at $4.823 per gallon.
Don't Miss:
- It’s no wonder Jeff Bezos holds over $250 million in art — this alternative asset has outpaced the S&P 500 since 1995, delivering an average annual return of 11.4%. Here’s how everyday investors are getting started.
- ‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.26/share with a $1000 minimum.
“The number of states with gas prices below $3 per gallon is starting to rapidly decline, now 22 states below $3, last week it was around 30,” De Haan posted on X.
Multiple factors are driving the increase. Annual spring refinery maintenance typically peaks gas prices around April 26, based on 15-year historical data. This year, unexpected refinery outages compound the usual seasonal impact on West Coast prices.
California’s consistently higher prices stem from its “low carbon fuel standard, cap and trade program, CARB mandates, and high gasoline taxes,” De Haan said. However, he expects gas prices to fall over the course of this year.
Trending: If You're Age 35, 50, or 60: Here’s How Much You Should Have Saved Vs. Invested By Now
Oil prices reached two-week highs Tuesday, with Brent futures hitting $77.00 per barrel and U.S. West Texas Intermediate crude reaching $73.32. President Donald Trump‘s revival of “maximum pressure” sanctions on Iran adds further market pressure, reminiscent of 2018 when similar policies pushed oil beyond $80 per barrel.
The price surge could challenge Trump’s campaign promises of lower inflation and expanded U.S. energy production. His recent tariff threats against Canada and Mexico, both major oil producers, have raised additional concerns about consumer costs.
While prices are climbing, they remain well below recent highs. During the peak week of June 16, 2022, the national average hit $4.99 per gallon, with California drivers paying $6.43.
Current prices also sit slightly lower than a year ago, when the national average was $3.189 per gallon.
Read Next:
- Over the last five years, the price of gold has increased by approximately 83% — Investors like Bill O’Reilly and Rudy Giuliani are using this platform to create customized gold IRAs to help shield their savings from inflation and economic turbulence.
- Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Many are rushing to grab 4,000 of its pre-IPO shares for just $0.26/share!
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.