This city just recorded the U.S.’s highest-ever average gasoline price
$RBOB Gasoline Futures(JUL4)(RBmain.US$ California state gas taxes are about 30 cents per gallon above national average...
San Franciso's current average of $4.75 gallon is $1.35/gallon over current national average of $3.40 gallon...
The "clean air" formulations required in California run an estimated 5 cents per gallon..
Oil companies and refineries jack up their prices in California because they can... greed, plain and simple. The roughly 35 cents in increases from taxes and reformulated gasoline no way justifies the premium charged in California.
Another question to answer... Why does California gas prices spike when there is disruption of production in Gulf state producers... when only a very small amount of crude used and refined in California comes from Gulf suppliers?
San Franciso's current average of $4.75 gallon is $1.35/gallon over current national average of $3.40 gallon...
The "clean air" formulations required in California run an estimated 5 cents per gallon..
Oil companies and refineries jack up their prices in California because they can... greed, plain and simple. The roughly 35 cents in increases from taxes and reformulated gasoline no way justifies the premium charged in California.
Another question to answer... Why does California gas prices spike when there is disruption of production in Gulf state producers... when only a very small amount of crude used and refined in California comes from Gulf suppliers?
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