High Gas Prices
Starting next year, a new law will force fuel distributors into the same cap-and-trade marketplace as utilities and major manufacturers. The oil industry says it will lead to price increases.
In California, the price of gasoline rose 23 cents per gallon to an average $3.99 for regular.
President Barack Obama said Thursday that the Justice Department will try to “root out” cases of fraud or manipulation in oil markets.
With gas hitting $4.50 a gallon, it’s a huge additional expense for Bay Area food banks, said Tami Cardenas with the Second Harvest Food Bank in San Jose.