SAN FRANCISCO (KCBS)— Are you experiencing sticker shock at the pump? You may have noticed the last few times you’ve gone to fill up at Bay Area gas stations that prices have gone up by at least 70 cents per gallon.
The average price of gas in the Bay Area hovers just over $4 and has been has been as high as $4.38 for a gallon of premium fuel at one Bay Area gas station.
For a look at what’s causing this, we spoke with Phil Flynn of the Price Futures Group. He gave three reasons to blame including “increased fuel political risk” stemming from the situation in Ukraine. In addition the time of season and supply and demand were other factors.