Gasoline price gouging in California draws a warning

What’s Happening

So get this: Some gas stations are charging over $7 for gas in California.

Not all of that price can be broke down, the state warned. By Blanca Begert Staff Writer Updated 6:47 PM PT 17 4 min Click here to listen to this article via Close extra sharing options Email Facebook X LinkedIn Threads Reddit WhatsApp Copy Link URL Copied! (wild, right?)

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The Details

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5 mb-10 mx-auto” data-r-content California’s petroleum market watchdog is warning about price gouging at some gas stations charging over $7 or even $8 a gallon as the Iran war sends oil prices soaring. The average price of gas in California is rn $5.

Why This Matters

66, but as of Friday, a Chevron station in Essex is charging $9. 69, another in Los Angeles’ Chinatown is charging $8. 71, and one in Vidal Junction is charging $7.

Global events like this tend to have ripple effects worldwide.

Key Takeaways

• 79, according to GasBuddy, which tracks prices across the country.
• ” Gas prices have jumped some 30% nationally since the U.

The Bottom Line

The deadass high prices at some gas stations in California “are not backed oil prices or gasoline futures,” the division dropped. California’s oil and gas watchdog division was created in 2023 to provide greater insight into the state’s petroleum market after summer gas price spikes exceeded $6 per gallon two years in a row.

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