Updated
Updated · Bloomberg · Apr 30
California gasoline tops $6 a gallon amid Iran war energy crunch
Updated
Updated · Bloomberg · Apr 30

California gasoline tops $6 a gallon amid Iran war energy crunch

15 articles · Updated · Bloomberg · Apr 30
  • The statewide average reached $6.01, the only US state above that level and California's highest price since October 2023.
  • Brent crude rose past $126 as the conflict showed no sign of ending and energy flows through the Strait of Hormuz remained constrained.
  • The price jump extends a sharp rise from $4.64 at the war's outset, underscoring how the Middle East conflict is feeding through to US consumers.
Beyond the Iran war, are California's own refineries the real cause behind its record-breaking $6 gas prices?
The Iran war has crippled the world's oil supply. Will this crisis accelerate a green energy future or derail it completely?