{"id":169,"date":"2008-03-12T06:00:28","date_gmt":"2008-03-12T14:00:28","guid":{"rendered":"http:\/\/www.fogcityjournal.com\/wordpress\/2008\/03\/12\/weakening-dollar-contributing-to-record-gas-prices\/"},"modified":"2008-03-12T09:44:39","modified_gmt":"2008-03-12T17:44:39","slug":"weakening-dollar-contributing-to-record-gas-prices","status":"publish","type":"post","link":"https:\/\/www.fogcityjournal.com\/wordpress\/169\/weakening-dollar-contributing-to-record-gas-prices\/","title":{"rendered":"Weakening dollar contributes to record gas prices"},"content":{"rendered":"<p align=\"center\"><img decoding=\"async\" src=\"http:\/\/fogcityjournal.com\/images\/photos\/gas_prices_sdm.jpg\" \/><br \/>\nA taxicab driver fuels up in San Francisco yesterday as record petrol prices test $4 per gallon.<br \/>\n<strong>Photo by Stephen Dorian  Miner<\/strong><\/p>\n<p><strong>By Laura Dudnick<\/strong><\/p>\n<p>March 12, 2008<\/p>\n<p>The average price for a gallon of gasoline in California has reached a record high of $3.58, and Bay Area drivers are paying even more than that to fill up their tanks, according to a report released Tuesday by the American Automobile Association of Northern California.<\/p>\n<p><!--more--> In the Bay Area the average price for a gallon of regular gasoline is $3.72, an increase of 42 cents from the last AAA report on Feb. 12, the report stated.<\/p>\n<p>The most expensive average gas price in Northern California where AAA monitors fuel costs is Tahoe City. Regular unleaded gasoline in Tahoe City sells for $3.75 per gallon, according to the report.<\/p>\n<p>The lowest price among Northern California communities tracked by AAA is in Chico, where drivers pay an average of $3.51 per gallon, the report stated.<\/p>\n<p>The nationwide average price of self-serve regular gasoline is $3.23, which is an increase of 27 cents since AAA&#8217;s February report and ties the nation&#8217;s previous record high.<\/p>\n<p>The least expensive gasoline in the U.S. is in Cheyenne, Wyo., where a gallon of regular unleaded gas costs an average of $2.97, according to the report.<\/p>\n<p>However, a gallon of unleaded regular gasoline in Wailuku, Hawaii, on the island of Maui, costs $3.93, the highest average price in the nation, the report stated.<\/p>\n<p>One reason for the increase is the cost of crude oil from which gas is made has reached a record high price of $108 per barrel, according to Sean Comey, an AAA of Northern California spokesman.<\/p>\n<p>The sinking value of the dollar may also be a factor in the high gas prices, the report stated.<\/p>\n<p>No state in the country has an average gas price below $3, according to the report.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A taxicab driver fuels up in San Francisco yesterday as record petrol prices test $4 per gallon. Photo by Stephen Dorian Miner By Laura Dudnick March 12, 2008 The average price for a gallon of&#8230;<\/p>\n","protected":false},"author":6413,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[222],"tags":[426,183,424,423,425,289],"class_list":["post-169","post","type-post","status-publish","format-standard","hentry","category-news","tag-aaa","tag-california","tag-inflation","tag-peak-oil","tag-record-gas-prices","tag-usa"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Weakening dollar contributes to record gas prices - Fog City Journal<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fogcityjournal.com\/wordpress\/169\/weakening-dollar-contributing-to-record-gas-prices\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Weakening dollar contributes to record gas prices - Fog City Journal\" \/>\n<meta property=\"og:description\" content=\"A taxicab driver fuels up in San Francisco yesterday as record petrol prices test $4 per gallon. 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