""No it's outrageous, it's crazy, and wrong," one person told ABC7 Eyewitness News about the high gas prices in San Francisco."
""The Bay Area is paying close to $2 more than the national average for gasoline, which is absurd. We should be at a dollar more," said Jamie Court, head of Consumer Watchdog."
""Right now gas prices are actually up more than you would expect, given where oil prices are- but I think the market is just trying to catch up with the oil market, and the oil market of course, is still extremely volatile," said UC Berkeley's Severin Borenstein."
""Well, the numbers don't lie. Refiners are making a dollar more per gallon than they did in January. They're making $1.50 a gallon, and based on two years of historical data, that's as much as they have made at any time or any month in the last two years," said Jamie Court."
Gas prices in San Francisco have surged to an average of $5.96 per gallon, with some stations charging as much as $6.57. The Bay Area's prices are nearly $2 above the national average. Experts suggest that current prices are higher than expected due to market adjustments amidst volatile oil prices. Some states have paused gas taxes to alleviate costs, but opinions differ on this approach. Concerns about price gouging are raised, with claims that refiners are making significantly higher profits compared to previous years.
Read at ABC7 San Francisco
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