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Senate Bill X1-2 was signed by the governor in spring of 2023, which established a watchdog division within the California Energy Commission to investigate unexplained gas price spikes.
"The State of California would purchase and own refineries in the State to manage the supply and price of gasoline," reads a report issued in draft version in May by the Energy Commission. The ...
Gas prices hit a 2023 high earlier this month, renewing concerns that US inflation will reverse its downward trend. The upward trend is largely due to the 15% jump in crude oil prices seen in July .
The federal tax was last raised on October 1, 1993, and is not indexed to inflation, which increased 111% from Oct. 1993 until Dec. 2023. On average, as of April 2019, state and local taxes and fees add 34.24 cents to gasoline and 35.89 cents to diesel, for a total US volume-weighted average fuel tax of 52.64 cents per gallon for gas and 60.29 ...
Devore Heights, or Devore, is a residential rural neighborhood of the city of San Bernardino, California. It is located just north of the junction of Interstate 15 and Interstate 215, about 12 miles northwest of downtown San Bernardino. It is also the last town to pass through before taking the Cajon Pass to reach Hesperia, California.
Global energy crisis (2021–2023) A global energy crisis began in the aftermath of the COVID-19 pandemic in 2021, with much of the globe facing shortages and increased prices in oil, gas and electricity markets. The crisis was caused by a variety of economic factors, including the rapid post-pandemic economic rebound that outpaced energy ...
Future gas prices depend on a number of factors that aren’t easy to predict, but as a benchmark, the U.S. Energy Information Administration released predictions for lower gas prices, averaging ...
The Energy Information Administration forecasts gasoline will average $3.36 next year, compared to $3.53 in 2023. The EIA also expects gasoline demand to fall by 1% in 2024, which would translate ...