Gavin Newsom's Gas Price Gouging LIE CRUMBLES in CBS Probe

California drivers are paying over $6 per gallon for gasoline, the highest prices in the nation. Despite accusations of price gouging against oil companies, a CBS News California investigation revealed the real culprits: state policies, refinery closures, and global supply risks. California's environmental regulations and unique fuel blend drive up baseline prices. Two refinery closures have reduced the state's refining capacity by nearly 20%, forcing California to outsource refining to Asia, which increases pollution and supply volatility. With rising costs and regulatory uncertainty, oil companies are incentivized to leave California, further exacerbating the problem. The Middle East conflict and China's fuel export halt add to the volatility, validating warnings that outsourcing refining increases price spike risks.