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flag California gas prices could soar to $8.40 per gallon by 2026 due to refinery closures and new regulations.

flag California gas prices may surge by up to 75% by the end of 2026, reaching around $8.40 per gallon, due to the closure of major refineries and new environmental regulations. flag The University of Southern California predicts this increase could result from a 21% drop in refining capacity, leading to a daily gasoline deficit of up to 13.1 million gallons. flag The state may need to import fuel from Asian refineries, impacting industries like air travel, food delivery, and healthcare. flag Governor Gavin Newsom is working with energy companies to ensure a stable fuel supply.

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