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California Gas Prices Could Soar Past $7 Amid Crisis

3/13/2026

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Summary

Story summary

California's regular unleaded gasoline hovers around $5.30 per gallon, with potential rises to $7 or more if supply issues persist.
The surge stems from a global oil shock tied to the Iran conflict and a shrinking refinery base.
Lawmakers are considering infrastructure projects because delayed profit-cap rules hinder protection against price gouging.

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Story summary

California's regular unleaded gasoline hovers around $5.30 per gallon, with potential rises to $7 or more if supply issues persist.
The surge stems from a global oil shock tied to the Iran conflict and a shrinking refinery base.
Lawmakers are considering infrastructure projects because delayed profit-cap rules hinder protection against price gouging.