California Gas Prices Soar: The Real Culprits
Irvine News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Californias high gas prices, the highest in the nation, are not due to price gouging by oil companies. Instead, a combination of state taxes, strict environmental rules, and a unique low-carbon fuel blend contribute to the high costs. Labor, business expenses, and programs like cap-and-trade add to the price, as does the cost of refining the unique California blend. A mystery surcharge has also been in place since around 2015. With two refineries shut down, the state is considering incentives to keep oil operations in California, but this could lead to more reliance on Asian refiners and increased pollution and supply delays. As prices continue to rise, politicians must balance climate goals with keeping fuel affordable.
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