CNBC | Why Gas Is So Expensive In California @CNBC | Uploaded March 2024 | Updated October 2024, 9 hours ago.
Drivers in California are no strangers to pain at the pump. The state is home to some of the highest gas prices in the United States. There are several factors that go into what drivers pay at the pump, including refining costs, distribution and marketing, taxes and crude oil prices. High taxes are partly to blame for the high price of gas in California. But, there’s more to the story. Here’s what’s driving gas prices higher and what drivers can do about it.
Chapters:
0:00 Introduction
1:14 Gas prices
3:23 What’s next
5:34 Saving at the pump
Produced by: Katie Koontz
Edited by: Andrea Miller
Animation: Christina Locopo
Supervising Producer: Lindsey Jacobson
Additional Footage: Getty Images
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Why Gas Is So Expensive In California
Drivers in California are no strangers to pain at the pump. The state is home to some of the highest gas prices in the United States. There are several factors that go into what drivers pay at the pump, including refining costs, distribution and marketing, taxes and crude oil prices. High taxes are partly to blame for the high price of gas in California. But, there’s more to the story. Here’s what’s driving gas prices higher and what drivers can do about it.
Chapters:
0:00 Introduction
1:14 Gas prices
3:23 What’s next
5:34 Saving at the pump
Produced by: Katie Koontz
Edited by: Andrea Miller
Animation: Christina Locopo
Supervising Producer: Lindsey Jacobson
Additional Footage: Getty Images
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Want to land your dream job in 2024? Take CNBC’s new online course How to Ace Your Job Interview to learn what hiring managers are really looking for: https://cnb.cx/4871WwH
Connect with CNBC News Online
Get the latest news: cnbc.com
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
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Why Gas Is So Expensive In California
