California gas prices surge to five-year high; what’s causing the spike?

California residents are paying much higher prices at the pumpcompared with the average U.S. resident.

As of Thursday, the average gasoline price in the state was about $4.02, according to AAA, compared with the national average of $2.83.

Those are the highest prices California has seen since 2014. Prices have risen around 68 cents per gallon over the course of a month.

What’s driving prices to multiyear highs? According to Dan McTeague, a senior petroleum analyst at GasBuddy, it’s a supply crunch resulting from refinery upsets in Los Angeles and San Francisco. …

Click here to read the full article from Fox Business.

Comments

  1. But don’t build any more refinery capacity, low-information California voters..
    That way, every time a $100 part fails, the entire supply chain is overburdened and gives these gas companies a reason to screw you over…
    Just go buy a $75k Tesla…that’ll solve all your problems AND you can virtue-signal in luxury…

  2. Wait until 1-1-2020! That is when Stupid Moonbeam’s cap-n-trade tax hits. How does a 70 cent per gallon increase sound? I’m hoping that the dumbed down sheeple will finally realize that voting democrat has consequences. It is time for a “yellow vest” series of continuing riots until the democrats are run out of town.

    • Funny, 1/1/2020, is the same day that background checks are required for the purchase of ammunition.
      Co-incidence: I don’t think so!

  3. UNION PENSIONS AND CORRUPT DEMOCRATS ARE TO BLAME. THEY ARE NOTHING MORE THE LYING TRASH. VOTE THIS GARBAGE OUT

  4. How can we revive the repeal of the gas taxes that failed in November – Prop 6 ? Also get rid of the California “special blend” – we use the same gasoline that the other 49 states use??

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