California Gas Prices Could Soon Soar Past $7 Per Gallon

3 days ago 9

Eric Bleeker

Sun, March 8, 2026 astatine 5:16 PM CDT 5 min read

Gas prices crossed the U.S. soared 16% past week, according to AAA. The mean terms for regular state is present $3.45 per gallon. However, if prediction markets are correct, the terms per gallon crossed the U.S. could soar done the extremity of March. That could permission states similar California paying arsenic overmuch arsenic $7 per gallon.
The prices of WTI crude soared to $90.90 from $66 connected February 20th. That’s led to fiscal ETFs similar the U.S. Oil & Gas Exploration ETF (IEO) soaring. Consumers could consciousness the pinch adjacent arsenic rising tube prices commencement starring to symptom astatine the pump.
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California drivers already wage immoderate of the highest state prices successful the country, and escalating Middle East tensions could propulsion them into shocking territory. National state prices are already moving fast, and California could beryllium headed determination acold worse.

The nationalist mean state terms sits astatine $3.45 per gallon arsenic of March 8, 2026, according to AAA, up 16% implicit the past week. Prediction markets connected Polymarket are placing 63% likelihood that nationalist prices deed $4.50 by the extremity of March, with a 34% accidental prices could soar past $5.00 per gallon.

Let's dive into wherefore symptom astatine the pump could get extreme in the Golden State. Our findings: regular state prices could soon soar supra $7 per gallon successful California. The symptom volition beryllium felt crossed the country, but the West Coast volition consciousness it the worst.

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California's mean state terms is already $5.159 per gallon arsenic of March 8, 2026, according to AAA, dramatically supra the nationalist average. California is genuinely in another league compared to the state prices of astir states.

The 2nd astir costly authorities is Washington astatine $4.60 per gallon. Hawaii's mean state terms is $4.51 per gallon. Then Oregon pays $4.19 per gallon and Nevada $4.18. No different states successful the state wage supra $4 per gallon arsenic of March 8th. Also, support successful caput this is the average terms for regular gasoline!

California's mean terms for premium gasoline is $5.55 per gallon.
Diesel costs $5.91 per gallon.

And definite regions of California are much expensive. Gas successful a bluish region similar Tehama costs $4.77 per gallon portion Silicon Valley stations successful San Mateo mean $5.41.

As you tin see, the astir costly state successful the United States is astir purely a West Coast phenomenon. Let's dive into immoderate much details wherefore this is.

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