Experts tell panel why gas is so expensive in California
SACRAMENTO, Calif. (AP) — Gouging by oil companies could be one reason California drivers pay about 76 cents more for a gallon of regular gas than motorists elsewhere in the nation, a state government panel was told today.
Fuel experts and consumer advocates also told the Petroleum Market Advisory Committee that a high state gas tax and more rigorous regulations have kept prices relatively high as oil prices have plunged across the nation in recent months.
Drivers in California pay more partly because of stiffer fuel blend standards to meet the state's unique air-quality rules, speakers said at the hearing.
The panel, appointed by the California Energy Commission, is studying whether changes in state policies and laws could rein in the prices.