California can ill afford the loss of one refinery, let alone two, says USC Professor Michael Mische in a new report warning of an impending gas crisis this summer.
In 1982, California satisfied 62% of its petroleum needs from in-state oil producers, says Professor Mische. Since 1990, Californias imports of petroleum from non-U.S. producers have increased by a staggering 713%. While California was becoming more dependent on foreign sources, the overall U.S. became less dependent.
In March, the Globe reported on a study also by Professor Mische which found that the factors contributing to Californias high gasoline prices over 50-years are self-imposed by state officials and politicians. It turns out that California is its own worst enemy.
In April we reported that Californias average price for a gallon of gas was $4.918, while the national average cost for a gallon of gas was $3.260. In Texas that same gallon gas cost $2.87.
#1: Horse To: All (#0)
Horse posted on 2025-06-01 13:50:44 Reply Private Reply
#2: Horse To: All (#1)
Horse posted on 2025-06-01 13:59:21 Reply Private Reply
#3: BTP Holdings To: Horse (#0)
AAA say gasoline in California is $4.77/gal.
But I figure that is state wide average. From what I was told northern California is a lot higher. ;);)
BTP Holdings posted on 2025-06-01 18:43:30 Reply Private Reply