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Get The Facts: Could California see gas prices increase to $8 a gallon?
According to analysis by Michael Mische, a USC professor, the impending closures of the Phillips 66 refinery in Los Angeles and the Valero facility in Northern California could lead to a staggering 21% drop in refining capacity over the next three years. Mische warns that such disruptions could drive prices at the pump to $8 per gallon or higher.
USC professor predicts California gas prices could rise to over $8.40 a gallon in 2026
Professor Michael Mische with USC Marshall School of Business says the loss in supply from the closings plus predictions made from the added regulations, such as the new Low Carbon Fuel Standard, could cause gas prices to rise by 75% by the end of 2026 — potentially hitting $8.49 a gallon.
California residents are facing the potential of massive gas price increases, according to two recent studies. The state’s ...
A fire Monday at Valero’s Benicia refinery leaves only one gasoline plant still operating in the San Francisco Bay Area, ...
California may be on the verge of a gas price crisis, with experts warning that soaring costs could occur if the state's ...
Drivers in California pay higher prices at the pump than any other state in the country due to supply issues, costs from ...
Multiple refineries in California have recently declared their intentions to shutter operations, leaving the Golden State ...
Since the early 2000s, governors and legislators from both parties have signed onto a climate agenda in California that is ...
The seven-figure ad buy calls on state and local officials to sign a pledge to oppose policies that increase gas prices and ...
Average gas prices are already well below $3 in much of the South, where proximity to refineries usually means lower prices. Mississippi ($2.62), Louisiana ($2.67) and Tennessee ($2.69) have the ...
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