Gas Prices Start to Rise in California, Bay Area, After Refinery Blaze

February 4, 2025

The Mercury News

Severin Borenstein, Energy Institute Faculty Director, appeared on The Mercury News to discuss the rise of Northern California’s gas prices.

“I think there is going to be a spike in gas prices,’ said Severin Borenstein, an economist and faculty director of the Energy Institute at UC Berkeley’s Haas School of Business…’This is coming at a time of relatively low demand for gasoline in California…The Martinez refinery accounts for about 10% of the refining capacity in California,’”

Photo: mercurynews.com