California gas prices hit $6.01 as Iran war drives 30% surge
California's average gas price surged to $6.01 per gallon on Thursday, the highest level since October 2023. This represents a 30% increase since the war with Iran began. The spike reflects ongoing geopolitical tensions affecting global oil markets, with California typically experiencing the highest fuel costs in the U.S. due to its special refinery blend and higher taxes.
Key facts
- California average gas price reached $6.01 per gallon on Thursday
- Highest since October 2023
- 30% jump since the Iran war began
- Geopolitical tensions in Iran are driving oil price increases
- California has highest gas prices in the U.S.
- Special refinery blend and higher taxes contribute to California's costs
Entities
Locations
- California
- United States
- Iran
Sources
- Quartz —