Why Are California Gas Prices So High: A Response to Neal Mahoney's Post

2024-10-18

By Dale Nesbitt

5 min read

Why Are California Gas Prices So High: A Response to Neal Mahoney's Post

Introduction

The high fixed costs of operating refineries, including taxes, compliance, and maintenance, are escalating. Mandating storage with additional capital investments only increases these fixed costs, pushing refiners toward closure.

Dr. Nesbitt

Data scientist

01

Gas Prices in California

02

Tax on Refineries in California

03

Hidden Costs: Why Mandated Gasoline Storage Threatens California Refineries

04

California’s Role in Global Fuel Markets: Dispelling the 'Economic Island' Myth

05

The Impact of Taxation: How California’s Taxes Drive Up Prices and Reduce Supply

06

The Economics of Joint Production

07

Mandated Storage in the Oil and Gas Industry

High-Price Environment Challenges

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