California hasmissed outas the United States has become a global energy superpower.
The US is the world’s No. 1 producer and exporter of natural gas, and the No. 1 producer and No. 3 exporter of oil.
We are also a global leader in promising new and clean electricity technologies, including nuclear.
Our energy abundance has helped our European allies keep the lights on since Russia’s war on Ukraine.
And while markets rise and fall,our energy boomis reflected in generally low US energy prices.
In 2024, US gasoline prices after taxes were 20 percent below the global average. US natural gas prices — important for power plants, factories, and homes — are now three to four times cheaper than those in Europe or Japan.
California, unfortunately,has missed much of that bounty.
Take gasoline, which now costs an extra $25 per 15-gallon fill-up in California compared with the rest of the US.
That premium is the result ofCalifornia’s own policy decisions.
State-specific taxes add 44 cents per gallon — about $7 per fill-up — over the national average.
Source: California Post – Breaking California News, Photos & Videos
