"The average price of a gallon of regular gas in California stood at a whopping $5.70 on Saturday - about 5 cents above Friday's average and more than a dollar higher than a month ago, according to the American Automobile Association."
"Drivers in the Golden State 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."
"Oil giant Chevron warned in a doomsday letter to Newsom earlier this month that California will face economic collapse under Newsom's 'misguided' climate policies."
"Over the last few years, several major oil refineries in California have closed or begun the process of closing. As these refineries have wound down operations, gas prices in California have already increased."
California's average gas price reached $5.70, significantly above the national average of $2.982. The increase follows the US-Israeli strikes in Iran, which impacted global oil markets. California's prices are exacerbated by high state taxes, climate program fees, and a unique fuel blend. Chevron warned that the state's climate policies could lead to economic collapse and threaten the oil industry. Several major refineries in California have closed, contributing to rising gas prices.
Read at California Post
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