With Gas Prices In California Soaring, Newsom Issues Waiver To Provide Financial Relief

  • In an attempt to curb a recent spike in gasoline prices, Gov. Gavin Newsom late Thursday instructed California regulators to speed the delivery of less expensive winter-blended gas to stations across the state.
  • Winter-blended gas is about 20 to 25 cents per gallon cheaper than summer-blended gas and fuel analysts expect the waiver put in place by the California Air Resources Board at Newsom’s behest will lead to a dip in prices within a few days.
  • “This waiver will affect wholesale gas prices probably on Friday,” said Patrick De Haan, head of petroleum analysis at GasBuddy, a tech company that helps drivers across the country find the cheapest places to buy gas.
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