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Money and Markets: Investing Insights

Average gasoline price in California exceeds $2 a gallon

California’s average gasoline price has risen past $2 a gallon and oil prices are back above $40 a barrel, separate reports showed Wednesday.

Gasoline prices continued to increase around the country, according to an Energy Department survey of filling stations. The average U.S. price for a gallon of self-serve regular gasoline rose 6.3 cents to $1.847 in the week ended Monday, in a report delayed two days by the Martin Luther King Jr. holiday and the presidential inauguration. California’s average increased 7.6 cents to $2.064 a gallon.

The daily survey of gasoline prices in the AAA fuel gauge report, compiled by the Oil Price Information Service and Wright Express, showed gasoline at $1.848 a gallon nationally Wednesday, up 18.5 cents in the last month. California’s average was $2.083 a gallon, up 28.2 cents in the last month.

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