#california-gas-prices

#california-gas-prices

Seventeen percent of California's refinery capacity is scheduled to close by mid-2026. Last week's explosion in El Segundo just knocked out our largest refinery. The state's attempt to nudge people into electric vehicles has stalled. Thanks to the California Air Resources Board, California can't import gasoline from other states. With all this, I'll bet that $7 a gallon gas is in our future.

The potential for the price hike comes because there's less gasoline supply for California drivers while the El Segundo refinery is offline. A similar instance happened earlier this year, when a chaotic explosion and fire at the Martinez Refining Company sent the refinery offline and caused major supply issues. "That means that the burden is then spread out amongst fewer refineries to provide fuel for the general population on so many levels," McClain said.