Where San Francisco Gas Prices Stand Two Years After Historic High

June 13, 2024

San Francisco Examiner

Severin Borenstein, Energy Institute Faculty Director, examines the demand for gas in San Francisco and its connection to electric vehicles.

“‘I think that as we get into the very low gasoline demand — and I hope we do — we’re also going to have very few refiners, because more and more of them are going to exit the market,’ he said. ‘We might see a small depression in those margins, but I think it would be very difficult to pick out of the data.’

If anything, Borenstein said, there’s concern that as the amount of refineries decreases, the few remaining will be more empowered to manipulate the price of gas.”

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