A recent study by Michael Mische asserts that California's gasoline prices, projected to rise to $8 per gallon, result from structural regulations rather than price gouging. Although prices are significantly above the national average, Mische highlights various contributing factors, including environmental regulations, high taxes, limited oil production, and frequent refinery shutdowns. Additionally, California’s refineries export fuel to neighboring states, compounding the issue. The study challenges the notion of collusion among oil companies, emphasizing systematic issues over conspiracy as the root of high costs.
There is no such thing as gas price gouging in California... the average price of a gallon of regular unleaded (gasoline) in California was $4.67 - more than 55% above the national average.
Mische blamed environmental regulations, the state's cap-and-trade program and seasonal gas blends as big causes of California prices, along with high taxes and fees, frequent refinery closures, declining in-state oil production.
Collection
[
|
...
]