Gasoline prices in the Los Angeles area and across California continued to fall Tuesday, after reaching record highs in many regions last week amid refinery outages across the state.
Because of a California-specific blend of gasoline and a market moving away from fossil fuels, the state remains vulnerable to drastic price increases because policy makers haven’t taken action to address the problem.Los Angeles-area gas prices are down almost 14 cents from the region’s all-time high last week, when the average price for a gallon of regular gas spiked to $6.49 on Oct.
Average gas prices statewide also dropped by about 4 cents Tuesday, to $6.29 — even as nationwide gas prices inched upward, an outcome of rising demand and higher oil prices after OPEC+last week. Still, California gas prices remain significantly above those in other states, and more than $2 higher than the national average, which on Tuesday was $3.92, according to AAA. No other state in the U.S.
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