California gasoline prices increase following refinery outages and declining inventories

In early May, the California retail gasoline price averaged $4.01 per gallon (gal), surpassing the $4/gal mark for the first time since 2014. By comparison, the U.S. retail gasoline price averaged $2.90/gal. Much of the recent increase in California’s gasoline prices is attributable to refinery outages—both planned and unplanned—and falling gasoline inventories in the region Source: Today in Energy – California gasoline prices increase following refinery outages and declining inventories

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Source: CTRM Center

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