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Story summary
- California's gasoline inventories are at record lows, with prices averaging $5.86 per gallon, the highest in the United States.
- Disruptions linked to the war on Iran and the Strait of Hormuz closure have contributed to shortages.
- Analysts warn the full impact remains ahead as imports are expected to fall sharply in coming weeks.
- California's reliance on Asia imports heightens price-shock risk, but the California Energy Commission expects inventory through mid-May.
