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Why Gas Prices Could Rise Even Further in California
Description
Six weeks. That's how long state officials say California has until it runs out of a stable supply of gasoline. After that, the supply picture gets a little murky. With the Iran War now in its third month and gas averaging more than $6 a gallon, the state is racing to lock in long-term deals with overseas refiners before that window closes. It's a crisis that's also exposing the tensions in California's long push away from fossil fuels.
Guest: Alejandro Lazo, CalMatters
Governor Gavin Newsom is pushing for a November ballot measure to stash more of California's tax revenue in a rainy day fund. It's part of a plan for savings that Newsom outlined in his final budget proposal as governor on Thursday.
The former chief of staff for Governor Newsom has pleaded guilty to three felony charges, including conspiracy to commit bank and wire fraud.
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