by: Virgilio Marin
(Natural News) Gasoline prices in California came close to $4 per gallon on April 8. The average price at the pump climbed by 18 cents in the last month to $3.93 per gallon, according to the American Automobile Association (AAA). AAA spokesperson Jeff Spring said that the average price last topped $4 in November 2019.
In the San Francisco cash market, where refiners and retailers trade the motor fuel, the premium on gasoline for April deliveries went up by 2 cents to 12 cents a gallon, according to data compiled by
Bloomberg. That is the highest premium since Jan. 7.
Cash market increases are typically passed to consumers after the fuel is moved down the supply chain.