California Gasoline Stocks Reach Record Lows Amid Hormuz Disruption
California's gasoline inventories have fallen to record lows due to supply disruptions from the closure of the Strait of Hormuz, leading to a significant rise in fuel prices. Analysts warn that the situation may worsen as the state relies heavily on imported refined products from Asia. The average price of gasoline in California has reached $5.86 per gallon, the highest in the U.S.
Topics: California energy fuel imports gasoline prices oil supply disruption Strait of Hormuz