Gas Bill from California: What Does It Mean for Arizona?

California recently passed a law aiming to stabilize gas prices. But Arizona might face higher prices due to this new rule. The law gives California power to require refineries to keep extra fuel. This is meant to prevent sudden price spikes when refineries shut down for maintenance. Arizona's Governor Katie Hobbs worries this could hurt Arizonans, already struggling with high living costs. Nevada’s Governor Joe Lombardo agrees, saying their states shouldn’t pay for California’s policies. California’s gas prices are notoriously high, averaging around $4. 67 per gallon compared to $3. 37 in Phoenix and $3. 23 in Tucson. The new law was inspired by California’s findings that spikes are largely due to global crude oil prices and unexpected refinery outages. Supporters say it will save Californians billions. However, critics, including the oil industry, argue it could raise prices and threaten refinery safety. California’s Governor Gavin Newsom has pushed for oil and gas regulations before. In 2022, he wanted a tax on oil company profits. The law signed later gave regulators power to penalize companies making too much money. Arizona and Nevada worry about the ripple effects of California's policies on their states.