Episode Details

California drivers face the nations highest gas prices, topping $6 per gallon, due to a combination of homegrown issues and global factors. Despite accusations of price gouging, a CBS News investigation found no evidence of illegal practices. Instead, high taxes, strict regulations, and a unique fuel blend contribute to the high costs. Refinery closures and supply issues further exacerbate the problem. State leaders are now acknowledging the need to attract and retain oil companies to stabilize prices.

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