Well that’s a gas.
Fox Business headlines this reality: https://www.foxbusiness.com/
California gas prices near $6 a gallon
Prices in Alpine County, California, nearing $7 a gallon
You read that right. Prices for gas in California are soaring, with no end in sight. FB reports:
“ Prices at the pump in California are nearing $6 per gallon as refinery issues persist.
The average price for a gallon of regular gasoline in California hovered around $5.79 on Thursday, up 29 cents from a week ago and 54 cents from last month, according to data from AAA.
In some areas, costs are surging beyond the $6 mark, like in Long Beach, where prices are sitting at $6.06 a gallon. That’s up 70 cents over the past month. Alpine County, on the state border with Nevada, is seeing the average price of gas nearing $7 per gallon, according to AAA data.
…California refinery capacity, in particular, is down 9.5% since 2020, Lipow said. The problem is slated to get worse at the end of the year when Phillips 66 shuts down its refinery in the Bay Area, Lipow Oil Associates President Andy Lipow added.
…The issues in California are also hurting drivers in other areas of the country. For instance, refineries in Texas and New Mexico — which supply gasoline to Arizona — also faced operating problems. When they have operating problems, Arizona turns to California for additional supply, according to Lipow.”
The reasons for this spike are said to vary. Hurricane Hillary, refining outages and decisions to shut down a refinery in the Bay Area.
But it isn’t rocket science to understand that whether the cause is natural or government induced, the price of gas will spike. And in California it already has.
