Governor Seeks Answers as California Gas Prices Pass $4 per Gallon

28 min
at 9:30 AM
A customer prepares to pump gas into his truck at a Valero gas station on July 22, 2013 in Mill Valley, California. (Photo: Justin Sullivan/Getty Images)

The average price for gas in California is just over $4 per gallon, about 43 cents higher than the next priciest state, Hawaii. That's according to the fuel price tracker GasBuddy, which also puts San Francisco's average gas price as the highest in the state. On Tuesday, Gov. Gavin Newsom asked the California Energy Commission to investigate what he called an "unaccounted-for price differential" in California. We'll talk about what's behind the high cost of gas.

Guests:

Severin Borenstein, professor, UC Berkeley's Haas School of Business

Patrick DeHaan, head of petroleum analysis, GasBuddy

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