California gasoline inventory nears record low as prices outpace US average
Updated
Updated · abcnews.com · May 6
California gasoline inventory nears record low as prices outpace US average
10 articles · Updated · abcnews.com · May 6
Average gasoline prices reached $6.13 a gallon, and inventories averaged 9.55 million barrels in the four weeks to April 24, near the lowest since 2005.
State energy official Siva Gunda said California has enough fuel for about six weeks, but warned continued disruption would draw supplies at higher prices.
The Iran war has lifted global oil prices more than 50%, while refinery shutdowns, disrupted Asian imports and weak pipeline links leave California relying on demand destruction rather than shortages or gas lines.
Beyond gas prices, how does a Mideast war now threaten California's access to helium for MRIs and microchips?
With 22,500 sailors trapped by the Iran war, what is the untold human cost behind California's high gas prices?
Is California's 'energy island' status a policy failure, making a global oil crisis drastically worse for its residents?