California Gas Prices Spike Due to Refinery Issues and Premium Fuel Costs, Expected to Fall in Coming Weeks
- Refinery challenges and maintenance limiting gasoline production in the state
- Wholesale gasoline prices in CA selling at a $60/barrel premium to crude oil
- Prices expected to correct in the next 30 days per petroleum analyst
- New anti-gouging laws may inadvertently reduce importer activity
- CA gasoline faces extra production costs and taxes compared to other states