California Gas Prices Could Reach $8 by 2026 Amid Valero Refinery Closure, Newsom Disputes USC Professor Report

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Updated May 11, 2025, 10:34 PM

A recent analysis by a University of Southern California professor warned that gas prices in California could increase by up to 75% by 2026, potentially reaching $8 per gallon. This rise is attributed to refinery shutdowns, including the anticipated permanent closure of the Valero refinery, and state policies affecting refinery capacity. Governor Gavin Newsom's office has publicly disputed the findings of this report. The issue of rising costs extends beyond gasoline, with reports highlighting increased prices for essentials such as eggs and utilities, contributing to broader concerns about affordability in California. Political leaders and representatives have called for measures to address the high cost of living, emphasizing the need to improve affordability in housing and other sectors.

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#University of Southern California #California #Valero #Gavin Newsom

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Sources

fox5sandiego.com(2)thestar.com sandiegouniontribune.com azfamily.com

Toronto Star

@TorontoStar

Opinion: If we want a stronger country, it starts with building stronger cities — and that means everyone working together to crack the housing crisis. https://t.co/bBv7yxJh5B

Congresswoman Sara Jacobs

@RepSaraJacobs

You don’t need me to tell you that the cost of living is WAY too high, but NO ONE should have to make $258k a year to buy a house. San Diego is a beautiful place to live, but we HAVE to make it and our country more affordable. https://t.co/b6ESTI2RbL

azfamily 3TV CBS 5

@azfamily

Gas prices continue to rise around the country as the state of California looks to see a price of $8 a gallon within the next few years. https://t.co/AkVLeu2GsO https://t.co/3XPyTnnEjZ