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California Gas Prices Soar Amid Supply Crisis
17 Apr
Summary
- California gasoline inventories have hit record lows.
- Motorists in California are paying $5.86 per gallon.
- Supply disruptions are linked to the closure of the Strait of Hormuz.
California is experiencing record-low gasoline inventories, leading to soaring fuel prices. As of April 17, 2026, motorists were paying an average of $5.86 per gallon, significantly higher than the national average. This situation is exacerbated by the state's reliance on refined products from Asia, making it vulnerable to supply disruptions.
The closure of the Strait of Hormuz, a vital artery for global oil and gas, is a primary cause of the current supply crunch. Analysts predict that the full effect of these disruptions will become more apparent in the coming weeks as refined product imports are expected to drop sharply.
Statewide gasoline stocks have averaged 9.44 million barrels for the four weeks ending April 10, the lowest recorded since 2005 by the California Energy Commission. This decline is compounded by refinery closures in recent years, increasing California's dependence on imports.
Despite the tight supply, state officials are in communication with refiners to ensure adequate fuel availability. While projections indicate sufficient inventory through mid-May, the situation remains volatile, with Californians consuming approximately 36 million gallons daily.
