India Fuel Shortage Raises California Gas Prices
California motorists face rising gasoline costs as Indian refiners prioritize domestic cooking gas over alkylate exports during the ongoing Middle East energy crisis. State average prices reached 6.14 dollars per gallon as supply chains struggle with the closure of the Strait of Hormuz.
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India halved alkylate exports to 33,000 barrels per day in April, driving California retail gasoline prices to $6.14 per gallon. The supply crunch follows the near-closure of the Strait of Hormuz during the conflict between Israel and Iran. Investors face rising energy costs as global supply chains decouple cooking fuel needs from motor fuel additives.
