"The average price in California is hovering well above $5 a gallon, with some gas stations charging over $7 or even $8 a gallon for regular gas."
"State regulators are monitoring the situation closely, as prices like these aren't justified by the jump in crude oil alone and could indicate unfair practices."
"California's fuel market is uniquely isolated, with most gasoline refined within the state or brought in under strict environmental standards, leading to sharper price spikes."
"State taxes, fees, and clean-air fuel requirements already make California's pump prices among the highest in the nation, even before a global supply shock."
Southern California drivers are experiencing unprecedented gasoline prices, with averages exceeding $5 per gallon. Some stations have charged over $7 or $8, raising concerns about potential unfair practices. A station in Chinatown, Los Angeles, has prices as high as $8.71. California's isolated fuel market, combined with high state taxes and environmental regulations, exacerbates price spikes during supply shortages. The recent increase in crude oil prices, driven by geopolitical tensions related to Iran, further intensifies the situation.
Read at New York Post
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