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California Gas Prices Surge Amid Iran Tensions, Investigations Underway

3/26/2026

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California Gas Surge

California gas prices have surged, with some stations near $9 per gallon amid Iran conflict tensions.
The statewide average rose to $5.76, well above the national average of $3.94.
Experts warn prices could rise further, potentially reaching $10 per gallon.
The Division of Petroleum Market Oversight is investigating price gouging.
Prices above $7 or $8 are unjustified, according to the Division of Petroleum Market Oversight.

Right

Chevron Critiques California

California gasoline prices average $5.83 per gallon, well above the national $3.98.
A Chevron executive criticized California energy policies as prioritizing climate agendas over affordable energy.
The summer-blend switch and refinery maintenance contribute to the price surge.
Critics say environmental rules have led to refinery closures, including Phillips 66 and Valero, increasing reliance on imported oil.
Chevron plans to purchase oil from an offshore company as local production declines.

History

Historical Context

California's gas price crisis began in 2008 when prices exceeded $4 per gallon due to rising crude oil costs and refinery issues, with a 40% surge reported by the California Energy Commission. Today, prices have reached $5.76, reflecting ongoing supply chain challenges and regulatory impacts, highlighting the state's struggle to balance climate initiatives with energy affordability amid rising consumer costs.

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California Gas Surge

California gas prices have surged, with some stations near $9 per gallon amid Iran conflict tensions.
The statewide average rose to $5.76, well above the national average of $3.94.
Experts warn prices could rise further, potentially reaching $10 per gallon.
The Division of Petroleum Market Oversight is investigating price gouging.
Prices above $7 or $8 are unjustified, according to the Division of Petroleum Market Oversight.

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