"The average price of a regular gallon of gas hit $5.07 statewide - 17 cents more than Friday and 43 cents more than the week before, according to American Automobile Association. Prices in the Golden State remain well above the US average of $3.41 a gallon, marking a 9-cent jump nationally from Friday to Saturday."
"Drivers in the Golden State already pay a 'California premium' that includes higher than average state excise and sales taxes, as well hefty fees for climate programs unique to the state. The state also requires a special and more costly fuel blend designed to prevent smog, which only California's refineries and specific Asian countries can produce."
"Some lawmakers believe the combination of Gov. Gavin Newsom's green agenda combined with instability in global oil markets could make the prices seen in downtown LA a reality statewide."
California's average gas price reached $5.07 per gallon, representing a 17-cent increase from Friday and 43 cents from the previous week. The Bay Area experienced the highest prices, with San Rafael at $5.27, San Francisco at $5.25, and Santa Rosa at $5.24 per gallon. Southern California prices ranged from $5.14 to $5.16 across major metropolitan areas. One downtown Los Angeles Chevron station advertised prices starting at $8.21 per gallon. California's elevated prices stem from state excise and sales taxes, climate program fees, and requirements for a special smog-prevention fuel blend produced only by California refineries and specific Asian countries. Recent geopolitical tensions and global oil market instability have further exacerbated the surge.
#california-gas-prices #fuel-costs-surge #state-taxes-and-regulations #global-oil-markets #regional-price-variations
Read at California Post
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