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.