Finance
January 1, The Absurd Price of Gas in California
The average price of gas in California reached a staggering $5.44 per gallon, greatly outpacing the record-breaking national average of $4.173.
Experts say the price disparity has to do with emission regulations, high gas taxes, and California’s status as a “fuel island,” or a location that doesn’t receive any fuel from interstate pipelines.
“First, taxes are higher generally in California, so the gas tax itself is higher,” said Sanjay Varshney, a professor of finance at California State University, Sacramento.
“Number two, California environmental and emission laws are tougher, so the mix required [for] gasoline tends to be more expensive.”
According to AAA data, the gas price in Los Angeles County increased from $5.876 a gallon to $5.890 a gallon between Wednesday and Thursday this week.
The trend is statewide, as the average price went from $5.694 a week ago to $5.785 on Thursday.
Source:
Why California has the highest gas prices in the nation
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Infidel7.62
March 19, 2022 at 7:02 am
They voted for it, they got what they deserve. Now if we could just keep them from moving to free states and voting for the same types of idiots that ruined CA.