Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. Vidak said California’s recent drop in gas prices has given residents a chance to “catch up a little bit” after years of belt-tightening. A BP station in Kentucky, for instance, posted a price below $1 a gallon, The Washington Post reported Thursday. In some locations, Californians are paying $5 for a gallon of gas. Governor Gavin Newsom has, and now he’s asked the … for two weeks and in that time, the average gas price has gone up .60 p/g due to "unplanned maintenance" at refineries in both … It has been updated to include reports about coronavirus, Russia and Saudi Arabia’s oil recent oil wars, and the drop in oil and gas prices. “I’m looking to see more good news maybe next week, but I think for the foreseeable future, not only are these prices going to hold, they’re probably going to increase about 10 cents a gallon between now and next week,” he said. Oil prices appear to only be going in one direction (up), with dramatic disruptions such as a drone attack on Saudi refineries disrupting fuel supplies. You may want to fill up your gas tank now before prices go up on Monday. Those prices go up because refiners need to meet commitments and, when they have a problem with production, they have to pay more and essentially … Begley's Bargains: Are you overpaying at the pump? The State Board of Equalization, which is responsible for administering California’s tax policies, sometimes annually adjusts the state’s two excise taxes to help offset changes in the sales tax. Californians could eventually feel some relief, but state “is going to have some catching up to do,” DeHaan said. Refinery output was still low. Criticism of the gas tax's impact on the price of gas is not necessarily misplaced; California has the second highest gas tax in the country. “There’s less potential relief avenues if refineries have issues.”. For licensing opportunities of our original content, please contact licensing@dailycallernewsfoundation.org. Worse yet, the gasoline formula changes multiple times a year, switching from a winter recipe to a summer blend designed to slow down evaporation. Prices have surged this fall in California and other West Coast states following outages at several refineries in the region. The state’s refineries also tend to keep inventories tighter than the national average, federal energy statistics show. Median monthly rent for a single-bedroom home in San Francisco is roughly $3,400 as of late 2019, according to industry tracker Zumper. “In order to get gasoline that we need, the market is raising prices,” he added. Credit: wingedwolf/Getty Images/iStockphoto. In order to get those into people’s cars to meet our demand, we have to raise prices.”. “There’s really no relief in sight just yet,” McTeague said. The Los Angeles Times reported that the average price for gallon of regular gas was $3.37. In the past seven days, the average price for a gallon of gas in California has jumped $0.27 per gallon to $4.16, according to the latest AAA Gas Prices data. Refiners also use up inventories of either blend before the switch, increasing the risk of price volatility. California is the seventh highest in the country when it comes to total taxes and fees, according to figures the American Petroleum Institute calculated. RELATED: Begley's Bargains: Are you overpaying at the pump? California typically has the highest prices among the 48 contiguous states. California officials have increasingly rezoned land leading to more housing developments and fewer service stations. Fewer stations mean less access for drivers and a lack of competition among retailers — more than 90% of California’s 10,000 gas stations are affiliated with major corporations, according to a 2015 report from the Los Angeles Times. In late 2014, the California Energy Commission tasked Borenstein and four other experts to form the Petroleum Market Advisory Committee and determine why gas prices were so high in California. Four other stations in Oklahoma City followed suit, along with another in Paris, Tennessee. Former Gov. 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