California drivers are paying about $2 per gallon of gasoline more than the national average price, with prices in the state soaring even as the national average has steadily declined from its record-high level in the spring.
[T]he widening gap between what everyone from San Jose to Los Angeles is paying compared to the rest of the country is due to the concentrated nature of California’s oil refineries, experts say. Due to the state’s special gas blend, California is often termed a “fuel island” because nearly all gas sold in the state is refined locally by a handful of companies, including Chevron, Marathon Petroleum and PBF Energy.
Tom Kloza, of the Oil Price Information Service, said the reduced flow of gas is likely due to refiners bringing equipment offline for maintenance. He said much of the oil industry deferred regularly scheduled maintenance in spring so they could continue reaping record profits during the energy price spike following the Russian invasion.
The nationwide decline in gas prices reflects a global drop in the price of oil, on fears of recession. President Joe Biden, who blamed Russia’s invasion of Ukraine for the price spike, is now claiming credit for the decline, though the war is ongoing.on Sirius XM Patriot on Sunday evenings from 7 p.m. to 10 p.m. ET . He is the author of the recent e-book,
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