GAS: March Pump Prices Spike 73 Cents Nationally and 92 Cents in California

Gasoline prices jumped again globally and America was no different as drivers in March faced prices that were 73 cents per gallon higher than in February at $3.64 on average nationally up from last month’s $2.91 according to the national price survey from AAA.

California drivers continued to face the highest burden with an average price per gallon of $5.26 some 45% more than the rest of the nation and substantially higher than any other high cost state including Hawaii. The average price per gallon in California rose an eyepopping 92 cents in just the month of March.

Inflation generally remained steadier at 3.3% for all goods despite gasoline experiencing the largest one month spike in the history of Bureau of Labor Statistics measurement dating back to 1967.

The Association of Western Employers recognizes that energy and fuel costs, especially diesel and gasoline are major drivers for employment decisions for organizations of all types. We will continue to track the cost of goods across the economy.