LACo Gas Prices Reach Highest Amount This Month

LACo Gas Prices Reach Highest Amount This Month

The average price of a gallon of self-serve regular gasoline in Los Angeles County rose Sunday to its highest amount since July 2, increasing 1.7 cents to $4.569. The average price has risen five consecutive days, increasing 9.3 cents, including 2.8 cents Saturday and 3.5 cents Friday, its largest increase since April 1, according to figures from the AAA and the Oil Price Information Service. The average price is 9 cents more than one week ago a…

Facing Impending Crisis, California Lawmakers Pivot on Fossil Fuels

LOS ANGELES—California legislators on Wednesday considered a plan that would dramatically loosen restrictions on drilling and refining oil in the state, as it scrambles to reconcile ambitious climate goals with the sobering reality of continuing demand for conventional transport fuels. The plan comes at the urging of Gov. Gavin Newsom—a major shift from his hardline decarbonization stance that would have seemed unlikely a year ago. Citing rapid …

California’s fuel crisis threatens Orange County’s economic engine

California’s economy is at a crossroads. With two major refinery closures looming, the entire state is bracing for a substantial reduction in critical refining capacity.  Experts predict these closures will spike gas prices in the coming months. For businesses  and working families alike, California’s fuel supply crisis is actually an affordability crisis. And the economic consequences for Orange County businesses and families are alarming.  The…