California's Gas Crisis: Profit Caps vs. Shortages
Fresno News Today | 2 Min News | The Daily News Now! · The Daily News Now!
Audio is streamed directly from the publisher (api.fastcast.ai) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
California grapples with soaring gas prices, topping $5.30 per gallon, due to the U.S.-Iran conflict and a lack of refineries. Despite a 2023 law to cap refinery profits and prevent price gouging, regulators have yet to enforce it. Consumer advocates argue for immediate action, while industry groups warn of potential shortages. The states reliance on imports and the wars impact on global oil costs exacerbate the crisis, with crude oil surpassing $100 per barrel. Proposals for new pipelines and ethanol blends aim to boost supply during this challenging energy transition.
Support the show:
Get a discount at https://solipillow.com/discount/dnn.
Advertise on DNN:
[email protected]
This is an automated, high-level news summary based on public reporting.
Report issues to [email protected].
View sources & latest updates:
https://sources.thednn.ai/25a53a37c23f08c0