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flag California’s gas prices hit $5.52/gallon, sparking debate over tax suspension and regulations.

flag California’s gas prices have surged to $5.52 per gallon, the highest in the nation, driven by global oil market instability from the U.S.-Iran conflict and the state’s reliance on imported crude. flag Two Democratic gubernatorial candidates, Matt Mahan and Antonio Villaraigosa, are calling for a temporary suspension of California’s 61-cent-per-gallon gas tax and easing refinery regulations to lower costs, arguing state policies exacerbate inflation. flag Republicans also support tax relief, while state officials, including Governor Newsom, oppose suspending the tax, citing its critical role in funding infrastructure. flag Economists warn that overregulation risks shortages, while consumer advocates urge targeted measures over broad tax cuts.

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