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California gas prices could spike as imported oil supply dries up, industry warns

California Post·Zain Khan·22 days ago
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California may soon have to battle other states for oil resources as its imported supply runs dry , a leading lobbying group has warned. Jodie Muller, CEO of Western States Petroleum Association, said the limited amount coming into the Golden State means it will be pitted up against the rest of the US and foreign markets. It comes as the last ship to leave the Strait of Hormuz for California was unloaded in Long Beach, marking the final barrels of oil from the crucial Middle East route until the war in Iran is resolved. California officials acknowledged the outlook becomes far less certain and could trigger major gas price spikes. AP Industry leaders say the state is especially exposed to the crisis due to its fight against refineries and gas giants, which has pushed it to rely heavily on crude oil from abroad. Muller told KCRA the dependence means drivers should expect even more price hikes as well as possible shortages.…

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