Breaking down why California gas is so expensive
A campaign by the Western States Petroleum Association is breaking down California's fuel costs. They say the goal is to step outside of politics and look at the facts.
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A campaign by the Western States Petroleum Association is breaking down California's fuel costs. They say the goal is to step outside of politics and look at the facts.
Experts believe prices could go even lower.
The state average, according to AAA, sits at just $4.96 as of Tuesday.
A Stockton store owner was in an early Christmas spirit on Monday.
California on Friday kicked off a series of discussions about the oil industry and the price at the gas pump.
Fighting has broken out between Israel and Hamas, pushing up global oil prices amid fears the conflict could escalate.
Gov. Gavin Newsom is pushing state regulators to move to the cheaper winter blend early.
Gas prices are soaring to all-too-familiar levels. According to AAA, the average price for regular unleaded gas is more than $6 in California.
The statewide average went up more than 10 cents overnight into Thursday.
Filling up the tank is hitting the wallets a little harder than usual. The increasing pump prices are the result of rising crude oil prices stemming from "oil supply cuts in Saudi Arabia and Russia, plus concerns over disruptions to oil exports from Libya following deadly flooding in that OPEC nation," Doug Shupe, the Automobile Club of Southern California's corporate communications manager.
Senior White House aides huddled multiple times this week to discuss policy options to keep a lid on gasoline prices, officials told CNN, as prices continued rising steadily in recent weeks amid strong economic demand, refinery issues, extreme weather, and geopolitical tensions.
Californians are nowhere close to paying the highest recorded average of $6.44 set in June 2022, but drivers are feeling the pinch in their wallets.
Gas prices climbed to an average of $3.88 a gallon nationally on Thursday, according to AAA. That's a 10-month high and represents a 31-cent increase from just a month ago.
The average price of a gallon of gas across the U.S. is $3.83 according to AAA, a 9-month high. Wall Street Journal reporter Hardika Singh joined CBS News to discuss the reason for the price spike at the pump.
California has America's most expensive gas at around $5.00 a gallon. The cheapest is in Mississippi at $3.32 a gallon.
Drivers in the state of Washington are celebrating the official start of summer with an unwelcome sight: America's most expensive gas prices.
Just in time for the busy travel weekend, some Circle K gas stations are offering a discount.
Filling up at the pump might not be cheap. But gas prices are miles away from last summer's nightmare.
California lawmakers on Monday approved the nation's first penalty for price gouging at the pump, voting to give regulators the power to punish oil companies for profiting from the type of gas price spikes that plagued the nation's most populous state last summer.
A first-in-the-nation bill to punish oil companies for profiting from price spikes at the pump breezed through the California Senate on Thursday at the urging of Democratic Gov. Gavin Newsom, the first major vote in an effort to pass the law by month's end.
California lawmakers on Thursday will vote on whether to allow penalties on oil companies for price gouging at the pump, a first-in-the-country proposal aimed at stopping the kind of spikes last summer that caused some drivers pay up to $8 per gallon as the industry reaped super-sized profits.
Chevron has not complied with a new California law requiring it to disclose how much money it is making from selling gasoline in the state, setting up a showdown with state regulators over data that Gov. Gavin Newsom's administration requested in order to impose the nation's first penalty on excessive oil profits.
Crude oil prices have fallen below $80 per barrel, resulting in cheaper prices at the pump, according to experts.
Some electric car owners around the U.S. have experienced sticker shock charging their vehicles. Here's why.
The source of the leak was isolated to a pipeline facility in Long Beach, California.
