Los Angeles gas prices hit average of $6
California lawmakers proposed sending a $400 rebate to every taxpayer in the state to offset the surge in gasoline prices
Gas price surge going to be 'bumpy ride': Expert
GasBuddy.com head of petroleum analysis Patrick De Haan provides money tips amid record-high gas prices.
Gas prices in Los Angeles have hit a new record, making it the first major city in the country to reach an average of $6 for a regular gallon of gasoline, according to Patrick De Haan, head of petroleum analysis for GasBuddy.
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This comes after the city reached an average of $5 per gallon just a few weeks ago, according to De Haan.
Gas prices are advertised at over six dollars a gallon Monday, March 7, 2022, in Los Angeles. ((AP Photo/Marcio Jose Sanchez) / AP Newsroom)
Prices in California are still the highest in the country and have far surpassed the national average which has fallen slightly from its highs earlier this month.
Currently, the national average for a gallon of regular gasoline slipped 9 cents from a week ago and stands at $4.24, according to AAA. By comparison, the average in California is sitting at $5.866 per gallon.
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Lawmakers in California have been under pressure to offset this surge. Recently, California Democrats unveiled a new proposal that would send a $400 rebate to every taxpayer in the state.
The money would go to all California taxpayers – not just motorists.
GAS PRICES COULD CONTINUE TO FALL, BUT CALIFORNIA WON'T SEE MUCH RELIEF: EXPERT
Gas prices are displayed at a gas station in Long Beach, Calif., Wednesday, March 9, 2022. (AP Photo/Ashley Landis / AP Newsroom)
"This proposed $400 rebate would cover the current 51 cents-per-gallon gas tax for one full year, 52 trips to the pump for most vehicles," the lawmakers wrote in a letter addressed to Gov. Gavin Newsom. "Notably, we believe a rebate is a better approach than suspending the gas tax – which would severely impact funding for important transportation projects and offers no guarantee that oil companies would pass on the savings to consumers."
FOX Business' Megan Henney contributed to this report.