- ORIGINAL NEWS
Why gas is so expensive in California
- SUMMARY
California has the highest gas prices in the US due to high taxes, a specialized fuel blend, and a limited number of refineries producing it.
This isolated market causes price volatility when there are outages.
California’s push toward electric vehicles is encouraging more people to switch, but for those who don’t, there are tips like comparing prices and driving efficiently to save on gasoline costs.
- NEWS SENTIMENT CHECK
- Overall sentiment:
neutral
Positive
“California is home to some of the highest gas prices in the United States, according to AAA..”
“But there’s more to the story.For drivers who aren’t going electric, there are several ways to save on gas, experts say.”
Negative
“The national average for a gallon of regular unleaded was $3.40 as of Thursday, according to the organization’s data.”
“High taxes are partly to blame in California. The state has the highest gasoline taxes in the nation, according to EIA.”
“California has an isolated refinery market. The special fuel blend that is consumed in California is produced by 11 major refineries within the state, according to the California Energy Commission.”
“The isolated market means that any outages will lead to volatility in prices at the pump.”
“Families are spending thousands of dollars on gasoline each year.”