No one knows when California’s gas prices will stop inching upward. A shortage of California-blend gasoline could be solved by increasing imports, but it could take about a month to get those additional supplies.
Gov. Gavin Newsom proposed sending registered vehicle owners $400 debit cards to alleviate the high costs of gasoline, offering $800 total for up to two cars. First, the good news: After sharply climbing and reaching a peak March 11, the average price of a gallon of gas in the United States has begun to decline.Here, gas prices have continued to break records. On Thursday, the average cost of a gallon of regular unleaded reached $5.882, a new high, according to AAA.
Borenstein said that California’s persistent high prices appeared to be linked to a disruption in the state’s gasoline supply chain. “Even as the crude oil price is dropping, it appears that some problem has occurred in the refinery sector to make California-blend gasoline,” he told me. “I don’t know what the problem is or how quickly it will be fixed, but that’s definitely why our prices are more out of line than usual with the rest of the country.”
On Wednesday, Gov. Gavin Newsom unveiled a $9 billion proposal to send registered vehicle owners $400 debit cards to defray the high costs of gasoline. A person could get $800 total for up to two cars.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
San Francisco’s first tai chi court opens in McLaren Park - The San Francisco ExaminerThe Mansell Tai Chi Court sits on a converted parking lot with sweeping views of downtown and low berms offering protection from the wind.
Read more »
San Francisco school district teacher pay debacle keeps growing - The San Francisco ExaminerIn partnership with MLNow: The district has big problems, and the revelation that it was stiffing its workforce, which Mission Local broke earlier this month, is just the latest in what feels like a concatenation of debacles.
Read more »
California could give taxpayers $400 each to spend on gasDrivers in California could soon get some relief when it comes to gas prices.
Read more »
Newsom makes his offer on gas tax rebateGov. Newsom is proposing $750 million in grants for local bus and rail agencies to offer up to three months of free transit, benefiting about 3 million daily riders
Read more »
Ice-T was ‘robbed’ at a N.J. gas station. The culprit? ‘Pump number 9.’No one can escape sky-high gas prices these days.
Read more »