California gas prices just hit a record high. $5 gas could come soon
CNN
Gas in California hit a record high of $4.72 a gallon on average on Wednesday — and experts say a whopping $5 a gallon will likely be the norm there in a matter of months, if not sooner.
This isn't just an issue for West Coasters: Some of the factors behind the record prices, particularly those related to the switch to renewable fuels, could affect US gas costs nationally in the next few years.
The US national average is currently $3.51 a gallon. Prices in California have long been among the highest, but they've soared in recent years in part because of changes at some West Coast refineries. Facilities have closed in some cases, while others are being modified to refine renewable fuels like diesel made from vegetable oil.
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