Why Gas Prices in California Are the Highest in America (By A Lot!)
Gas prices are rising across the United States, but California drivers consistently pay far more than the rest of the country.
As of the time this video was recorded, AAA reports that the average price of regular gasoline in California is $5.41 per gallon, compared to a national average of $3.63. That’s nearly $1.80 more per gallon — meaning a typical fill-up costs Californians about $25 to $30 more than drivers in most of the country.
Global events like the conflict involving Iran and disruptions in the Strait of Hormuz can affect oil prices worldwide. But those global forces don’t explain why California drivers consistently face the highest prices at the pump.
In this episode, Jon Fleischman breaks down the policy choices that energy analysts say create the “California premium” on gasoline — including California’s special gasoline blend requirements, regulations imposed by the California Air Resources Board, shrinking refinery capacity, the state’s cap-and-invest carbon program, and some of the highest gasoline taxes in America.
Stack those policies together, and the result is predictable: Californians pay more.
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Get a lot more at www.SoDoesItMatter.com!
