California, already paying record prices for motor fuel, is set to shell out even more with the Golden State more exposed to surging oil prices than the rest of the country in the wake of Russia’s invasion of Ukraine.Diesel prices at the pump rose to a record high $5.185 a gallon on Thursday, according to auto club AAA. The state’s gasoline also rose to fresh record of $4.94 a gallon while San Francisco prices topped $5, AAA said.Brent crude futures have surged around 20% in the days since the Ukraine war started, signaling that retail fuel prices could rise further. Meanwhile, high fuel prices continue to drive gains in inflation which has become a liability for the Biden Administration.
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