US gas prices surge as refinery closures and costs widen regional gaps
Updated
Updated · The New York Times · May 7
US gas prices surge as refinery closures and costs widen regional gaps
8 articles · Updated · The New York Times · May 7
Prices hit $7.04 a gallon in California's Mono County versus $3.98 in Oklahoma's Murray County, with California especially affected by refinery shutdowns.
Shipping fuel is costly, state taxes and regulations differ, and California's cleaner-burning gasoline blend further raises prices by limiting supply options and increasing distribution complexity.
A New York Fed analysis found lower-income Americans are cutting gasoline purchases and driving less, while higher-income consumers are spending more but changing their buying habits far less.
With a global oil crisis as the cause, can any domestic policy truly bring down gas prices for consumers?
As California's green policies raise fuel costs, is the state trading energy security for cleaner air?
Are record gas prices permanently changing how and where Americans choose to live, work, and travel?