Summary
Gas prices in California have risen significantly, increasing by nearly 40 cents over the past month. This rise is much faster than the national average. Several factors explain why California's gas prices are higher, including high taxes and strict environmental rules.
Key Facts
- California's average gas price was $4.589 per gallon as of Monday, much higher than the national average of $2.929.
- Over the last month, California's gas prices have increased by almost 40 cents.
- Californians pay about $0.90 per gallon in combined local, state, and federal taxes.
- California has unique gas blends that are more expensive to produce, aimed at reducing pollution.
- The state's refinery capacity issues and high import costs affect gas prices.
- The potential closure of Valero's Benicia Refinery could further impact gas prices.
- California refines over 90% of the gas it consumes.
- West Coast states, including California, generally maintain lower gasoline inventory levels.
