- Average price of gasoline hit set a new record high for the second day in a row Wednesday, hitting $4.252
- Drivers are now seeking out deals and stockpiling gas in anticipation of prices rising even further
- At Costco gas stations and other discount retailers, huge lines formed as drivers sought deals at the pump
- California now has the highest average gas prices in the nation, with prices approaching $8 in Los Angeles
Gas prices are now nudging $8-a-gallon in Los Angeles, with drivers forming lines at Costco pumps across the US to fill up ahead of potential further increases.
Snaps taken at a Mobil gas station beside on the border of Beverly Hills and West Hollywood on Wednesday afternoon displayed eye-watering prices of $7.95 for premium gas.
Regular-unleaded wasn’t much cheaper, at $7.35 a gallon. The average price of a gallon of fuel has risen by 86.4 cents in Los Angeles County over the last 15 days, with California traditionally seeing the priciest gas across the entire US.
The Golden State saw huge spikes as the national average price of gas hit $4.252 on Wednesday, setting an all-time record for the second day in a row, after the US banned Russian oil over the invasion of Ukraine.
It represents an increase of 8 cents from Tuesday alone, and gas is now up 78 cents from last month and $1.45 from a year ago, according to the AAA Gas Price Index.