In these areas, a gallon of gasoline costs more than the federal minimum wage.


Drivers across the United States grapple with gasoline prices reaching new records almost every day, but the pain is unevenly distributed across the country. Just think of a few places where a gallon of regular fuel costs as much as the current federal minimum wage of $7.25.

It’s a painful threshold for pump prices to all reach nine stations in California, according to GasBuddy’s Patrick De Haan, an oil and gas price expert. Of course, California’s minimum wage is well above the federal minimum wage, and state workers earn at least $14 an hour, but paying more than $7.25 a gallon is still a large portion of a typical salary.

According to the AAA, on average California drivers pay more for gas than drivers in other states. This is partly due to higher taxes to pay for infrastructure and other costs, but according to Severin Borenstein, an economist at the University of California, Berkeley, “Mystery Gasoline Surcharge,” or a price differential that cannot be fully accounted for by fees or other factors.

Gasoline prices are holding record highs as Americans head for Memorial Day weekend, the unofficial start of summer when millions of people find their way to vacation or visit family and friends. But despite soaring gasoline prices, most drivers are still full, and the AAA expects 39 million people to travel more than 50 miles from home this holiday weekend. Average gallon, AAA said.

According to GasBuddy, the following California gas stations charge a minimum of $7.25:

  • Chevron at 901 N. Alameda St. in Los Angeles: $7.83 per gallon
  • 51557 US-395 Chevron in Lee Vining: $7.39 per gallon
  • Chevron at 712 North CA-127, Shoshone: $7.39 per gallon
  • Shell at 453 Main St. in Bridgeport: $7.39 per gallon
  • Valero at 377 Main St. in Bridgeport: $7.35 per gallon
  • Mobile Los Angeles at 8489 Beverly Blvd.: $7.29 Gallon
  • Lee Vining’s 51424 US-395 Shell: $7.29 per Gallon
  • Mobil at Lee Vining’s 22 Vista Point Drive: $7.29 per gallon
  • Chevron at 3600 Alameda Drive in Menlo Park: $7.25 per gallon

Drivers who spend thousands of dollars more on gas

Americans are increasingly pessimistic about the economy over fears of the highest inflation in 40 years and concerns about the stock market, which has plunged amid fears of a recession. according to On the new CBS News poll. Drivers continue to refuel, but are cutting back on spending in other areas, such as eating out, to make up for it.


Market volatility continues on fears of inflation and recession

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The impact of high gasoline prices is summing up. The average household is now spending $4,800 a year on gasoline. according to To Wall Street analyst Ed Yadeni.

Unfortunately, analysts do not predict that gas prices will fall anytime soon. The national average could rise to $6.20 a gallon by August. At the current price of $4.60 a gallon, according to to JP Morgan. And recently Berkeley’s Borenstein. said CBS News said he doesn’t expect $2 or $3 a gallon anytime soon.

Crude oil prices have surged a year ago and global demand for fossil fuels is growing, he noted, even as supply lags behind.

“Before Russia attacked Ukraine We were seeing delays in the production of oil. “U.S. producers are reporting difficulties getting their workers back into the fields,” Borenstein said. “They’re having supply chain problems with parts and equipment.”

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