California Faces Gas Shortages, Higher Prices
Update: 2025-12-20
Description
Californias gasoline supply faces potential shortages and price hikes as two major refineries shut down, leaving the state with only six refineries. The closures, due to high operating costs and state regulations, could push prices to $5-$6 per gallon. Despite these challenges, California remains confident in its ability to import fuel and meet clean fuel rules. The states push towards electric vehicles and the ban on new gas cars by 2035 may ease long-term demand for gasoline.
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