California Gasoline Inventories Hit Record Lows Amid Iran War
Key Points: California motorists are currently paying an average of $5.86 per gallon of gasoline, the highest price in the nation. Statewide gasoline stocks dropped to a record low average of 9.44 million barrels over the last four weeks. The state relies heavily on Asian imports, making it highly vulnerable to the closure of the Strait of Hormuz. Experts warn that the full shock of...