gasoline

U.S. retail gasoline prices haven’t budged since last Thanksgiving, providing households a bit more breathing room from inflation that’s still too high for the Federal Reserve’s liking.

California already pays more for gasoline than any other state, with prices currently hovering around $4.63 a gallon compared with the U.S. average of $3.10, according to AAA.

As American consumers continue to fret over rising food prices, the cost of gasoline is less of a worry.

The control group measure—which strips out autos, building materials, gasoline, and restaurant spending and feeds into gross domestic product growth calculations—declined by 0.1% month over month.

Californians pay about $1.40 more for a gallon of gasoline than the national average, up from a $0.30 premium 15 years ago.