Gas Prices Hop Higher in California, Bay Area After Refinery Blaze
February 4, 2025
The Mercury News
Severin Borenstein, Energy Institute Faculty Director, discusses with The Mercury News the rise of Northern California’s gas prices after recent refinery fires.
“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
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