Getty Images file photo

Retail pump prices hit 26-month high

Americans are getting a sour holiday surprise at the gas pump, where prices are the highest they've been in over two years. They may even hit a national average of $3 a gallon by January.

Although supplies remain plentiful and gasoline demand has diminished since September, retail gas prices are rising because oil prices are at the highest levels since October 2008. The two-week advance continued on Monday as benchmark oil for January delivery rose 19 cents to settle at $88.96 a barrel on the New York Mercantile Exchange. A stronger dollar kept prices in check for most of the session. Since oil and other commodities are priced in dollars, a stronger dollar makes them more expensive for buyers who use other currencies.

Gas prices in San Francisco have risen 6.2 cents per gallon in the past week, according to Gasbuddy.com.

The average price of gas in San Francisco is $3.29 per gallon, 80 cents higher than the national average of $2.49 per gallon, which has also seen an increase of 8.4 cents per gallon in the past week.

Gas prices in San Francisco are 33.6 cents higher than the same day a year ago and 9.7 cents per gallon higher than a month ago.

Bay Area Newsgasoline pricesLocalSan FranciscoTransittransportation

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

Lakeshore Elementary School was closed in March shortly before SFUSD closed all schools due to coronavirus concerns. The district is now working to prepare all elementary schools to reopen by mid-January.<ins> (Kevin N. Hume/S.F. Examiner)</ins>
School district preparing buildings for hybrid learning

SFUSD plans to use 72 elementary schools and 12 early education sites for first phase of reopening

There have been at least 142 confirmed cases of COVID-19 among workers at San Francisco International Airport. <ins>(Kevin N. Hume/S.F. Examiner)</ins>
Supes back SFO worker healthcare legislation despite airline, business opposition

Costs of ‘Health Airport Ordinance’ in dispute, with estimates ranging from $8.4 M to $163 M annually

Thankfully, playgrounds that were closed due to the pandemic during the summer have reopened.<ins> (Kevin N. Hume/S.F. Examiner)</ins>
The perils of parenting, COVID-style

At long last, it’s OK to take your little one out to play

Ten candidates are running for a seat on the Board of Trustees of the San Francisco Community College District.. (Courtesy photos)
Strong leadership needed as City College faces multiple crises

Ten candidates vying for four seats on CCSF board

City officials closed San Francisco County Jail No. 4 on the top floor of the Hall of Justice at 850 Bryant St. in September, reducing the number of beds in the jail system by about 400. 
Kevin N. Hume/
S.F. Examiner
SF jail closure prompts doctor to call for release of more inmates

Reduced space increases risk of COVID-19 spreading among those in custody

Most Read