California gas crisis risks sending prices above $8 a gallon and forcing drivers to ration fuel

With drivers in the Golden State already facing the highest gas prices in the US, Southern California state Sen. Suzette Valladares has urged the governor to scrap California’s cap-and-invest program that charges oil makers for carbon emissions. She dubbed Newsom’s program the “cap-and-tax” scheme, and warned that closing any further oil refineries in the state could trigger economic collapse.

“It’s not scaremongering at all,” Valladares told The California Post of a report from the USC Marshall School of Business that found gas prices could reach $8 a gallon by the end of 2026.

Last month, Strickland proposed a Senate to remove the states-specific green taxes that he says would lower the price of unleaded gas by $1.08 a gallon.

Opponents say the shutdown of state oil refineries has dwindled supply and decreased the state’s energy sustainability, as California now imports over 60% of its crude from foreign markets.

https://nypost.com/2026/03/05/us-news/california-gas-crisis-risks-8-per-gallon-and-rationing-lawmakers/

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