Calif. has enough oil for the next 6 weeks. Beyond that, there are questions.
FILE - An aerial shot of an oil refinery in Benicia, a city in Solano County, California at dawn.
This article originally appeared on KCRA.com. California leaders are bracing for even higher gas prices statewide within a matter of weeks if the war in Iran persists and the Strait of Hormuz remains closed.
State lawmakers in the Assembly Energy and Utilities Committee held an oversight hearing Tuesday on the situation as the war in Iran stretched into its 67th day. The average gas price statewide was $6.11 per gallon, according to AAA.
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California this year lost two oil refineries that provided 20% of the state's refining capacity. The state has been relying on even more foreign fuel ever since. The latest state data show most of its crude oil is coming from Asia and South America. Experts have acknowledged the closures mean the state is more vulnerable to price spikes when global conflict disrupts supply.
In Tuesday's hearing, state lawmakers acknowledged the uncertainty ahead for California's tight fuel supply. About 2 million barrels of........
