According to AAA, Americans can expect to see a price jump coming this week after an attack on oil facilities in Saudi Arabia over the weekend. The national gas price average is currently at $2.56.
In California, Californians pay the second highest amount per gas at $3.63. Only Alaska pays more at $3.64.
The attacks have taken 5.7 million (crude) barrels per day off the market, accounting for about 6% of the global supply.
“Americans can expect local pump prices to start to increase this week. The jump could end up being as much as a quarter per gallon throughout this month,” said Jeanette Casselano, AAA spokesperson. “Whether this is a short or long term trend will be determined by the price of crude oil prices and how quickly the facilities in Saudi Arabia can recover and get back online.”
Today’s national gas price average is 7 cents cheaper than last month and 28 cents cheaper than this time last year. But these gaps are likely to shrink as the market adjusts to the news and crude oil prices increase.