Farmers and Californians have learned the importance of reserves—grains for the year, water for summer. It's time to apply this principle to gasoline storage.
Fuel shortages in California lead to significant price spikes, overwhelming already strained household budgets, with increases of 50 cents per gallon during crises.
California’s proposal to require oil refineries to maintain gasoline reserves aims to stabilize supplies and prevent volatile price increases seen during peak travel seasons.
Experts believe the proposed gasoline reserves may only cost a few cents per gallon, contrary to the claims of oil refiners who warn against potential price hikes.
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