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California drivers are bracing for a double-whammy at the pumps as stricter clean air regulations and an increase in the state’s gas excise tax are set to take effect on July 1, which could send fuel prices soaring.
State gas prices declined for the second consecutive week and reached an average of $4.48 per gallon of regular fuel on Monday, down from last week's price of $4.55 per gallon, ac
These new regulations, kicking in on July 1, are expected to increase the cost of fuel in California by 65 cents per gallon.
It’s an apparent contradiction: on one hand, state regulators reported in May that California gasoline pump prices since 2015 average 41 cents per gallon higher than in other states, after
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Money Talks News on MSNCalifornia Gas Prices Could Hit $8 Per Gallon by 2026 As Refineries CloseA perfect storm of refinery closures threatens to send California gas prices soaring 75% within two years. Political leaders scramble for solutions as supply crisis looms.
Mission Viejo, California approves Costco's first-ever standalone gas station with 40 pumps replacing a former a Bed, Bath and Beyond store.
California drivers consumed over one billion gallons of gasoline per month in 2024, but the state’s ability to produce that vital fuel is shrinking amid policy-driven market shifts, rising regulatory costs, and declining investment in in-state refining capacity.
Unfortunately, regulatory hoops impose real costs, as a study from the University of Pennsylvania’s Kleinman Center for Energy Policy found. It projected that this change would boost retail gasoline costs by 65 cents a gallon in the near term. The amount would increase by $1.50 a gallon within a decade.
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MyNewsLA.com on MSNNo Change to Average Riverside County Gas PriceThe average price of a gallon of self-serve regular gasoline in Riverside County remained the same Saturday at $4.455, its lowest amount since Feb. 5. The average price had decreased 24 times in the previous 25 days,