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$6 Gas in California Signals New Phase of the Global Energy Crunch - Crude Oil Prices Today | OilPrice.com
Overview
California’s statewide average for 87-octane gasoline has risen above $6 per gallon as an Iran-war-driven global energy crunch pushes crude and refined fuel markets tighter. Disruptions around the Strait of Hormuz, stranded tankers and related supply shocks have trapped barrels and raised shipping and insurance costs, amplifying West Coast pump price moves. The spike in California underscores how geopolitical risks in the Middle East are translating into acute regional consumer pain at the pump.
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