"California's own supply of crude oil has been declining since the 1980s, due to aging fields and a geology that makes drilling particularly costly."
"With the end of the Middle East conflict nowhere in sight and the average cost of California gasoline topping $6 per gallon, some lawmakers are warning of potential oil and gas shortages."
"California imports about 75% of its oil from foreign countries and Alaska, with about 30% coming from the Middle East."
"Shipments that left before Iran blocked off the Strait of Hormuz in late February have continued to arrive on a one-to-two-month lag time."
The last oil tanker to pass through the Strait of Hormuz is unloading 2 million barrels of crude in California. This comes amid a blockade affecting oil shipments due to conflict in the region. California's crude oil supply has been declining since the 1980s, leading to increased reliance on imports. With the average gasoline price exceeding $6 per gallon, lawmakers are concerned about future shortages. Currently, California imports about 75% of its oil, with a significant portion coming from the Middle East, but the situation remains precarious.
Read at Los Angeles Times
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