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Why does gas cost more in California?
  + stars: | 2024-01-27 | by ( Samantha Delouya | ) edition.cnn.com   time to read: +5 min
It adds about 10 cents of additional cost per gallon of gas, said Borenstein. Yet, in the fall of 2022, California gas prices shot up to a record high of nearly $6.50 per gallon after multiple refineries suffered outages. The shrinking number of oil refineries in California is another reason there’s a growing gap between California and the rest of the country’s gas prices. Those 11 refineries produce 90% of California’s gas and diesel fuel, according to California’s energy department. But Borenstein has another theory for why the price of gas is so much higher in California.
Persons: That’s, Severin Borenstein, Borenstein, Ronald Reagan, ” Reagan, David Paul Morris, , , Patrick De Haan, ” Borenstein Organizations: Los Angeles CNN —, AAA, University of California Berkeley’s Haas School of Business, California Air Resources Board, Gov, Carrell, Act, Bloomberg, Getty, American Lung Association, US Energy Information Administration, Drivers, Shell, Mobil Locations: United States, California, Golden, Angeles, Los Angeles, San Francisco , California, Hawaii, Texas, Oklahoma, Louisiana, “ California, Chevron
The Wall Street veteran expects stocks and house prices to fall once unemployment and mortgage defaults rise. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementA recession will strike the US economy next year, pummeling stocks and house prices, a Wall Street veteran has warned. So, I predict that's going to happen not until sometime, at best, mid next year." 'Sell everything, you're going bankrupt.'
Persons: Harley Bassman, Bassman, Steve Eisman, , Rosenberg, Merrill Lunch, it's, I've, Steve Carrell, Mark Baum Organizations: Wall Street, Service, Management, Credit Suisse, Merrill
Footage from the cramped Minsk court showed Bialiatski, who co-founded the Viasna (Spring) human rights group, looking sombre, his hands cuffed behind his back, as he and his co-defendants watched proceedings from a courtroom cage. Bialiatski, who was arrested in 2021, and three co-defendants were charged with financing protests and smuggling money. Belarusian state news agency Belta confirmed the court had handed down long jail sentences to all the men, including a decade in prison for Bialiatski. That, she said, placed human rights defenders at risk of criminal prosecution for their legitimate activities. Viasna, the organisation he co-founded, took a leading role in providing legal and financial assistance to those jailed.
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