Posted inGigafact

Is the price of gas in California projected to surpass $8 per gallon in June 2025?

No. While the pending closure of two major oil refineries in California could drive gas prices up over the next few years, there is no indication that prices in the state will top $8 per gallon this summer. A recent analysis from a University of Southern California economist estimated that prices could reach the $8 threshold by the end of 2026, after the refineries close.

Gift this article