Gas Prices Falling Nationally and in California Due to Lower Demand and Cheaper Blends

Gas prices are falling nationally and in California due to lower demand and cheaper winter blends.

California gas is pricier than other states due to high taxes, special blends, and reliance on limited local supply.

Prices could fall up to 45 cents nationally and more in California if Middle East violence does not spread.

Israel and Palestinian territories are not major oil producers so conflict has little effect on prices.

Over 20% of global oil flows through the Strait of Hormuz, so further Middle East instability could impact prices.