Kern County Oil Production Unaffected by Gulf Attacks
Bakersfield News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Oil prices surged following attacks in the Persian Gulf, but Kern County, California, a major oil producer, has seen minimal impact on producer revenues, local gas prices, and oil field property values. Despite the Israel-U.S. strike on Iran, gas prices only slightly increased to around $4.60 per gallon, and independent producers report stable earnings. County officials suggest potential increases in oil field assessments, but current effects remain negligible. Producers and leaders agree the situation is currently manageable, but warn of potential economic hits if the conflict persists.
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