Why Are California Gas Prices So High?
KQED's Forum
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California Oil Prices Are Still Rising
When the price of oil goes down a dollar per barrel, gasoline follows by two and a half cents a gallon. It takes generally four weeks or longer for it to fully show up at the pump in california. The increase we've seen just over the last few months translates to somewhere between 40 and 50 dollars a barrel. So that component is really driven by the ld oil market. And whether you buy your oil from oklahoma or russia or saudi arabia doesn't matter much at all.
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