In recent discussions around California's gasoline prices, a study by USC's Michael Mische suggests that the looming $8 a gallon forecast is driven by structural factors rather than price gouging. The average price of gasoline in California exceeds the national average significantly, attributed to state policies, high taxes, refinery closures, and environmental regulations. Mische contends that the complexities of how California regulates and distributes fuel, coupled with limited interstate pipeline access, play substantial roles in driving costs higher than in other states. Therefore, he refutes claims of collusion among oil companies.
Mische's report claims that structural factors, state policies, and environmental regulations account for California's high gasoline prices, dismissing the notion of price gouging.
The study indicates that California's gasoline prices are influenced by systemic issues related to regulation, production, and distribution, with significant contributions from environmental policies.
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