California gasoline stocks fall to record lows as Hormuz disruption bites

California gasoline inventories have fallen to record lows as fuel prices surge nationwide amid the war on Iran. Analysts warn the full impact of supply disruptions from the Strait of Hormuz closure has not yet reached the Golden State, raising the risk of further price spikes and broader inflationary pressure.

Analysis

California gasoline inventories have fallen to record lows as fuel prices surge nationwide amid the war on Iran. Analysts warn the full impact of supply disruptions from the Strait of Hormuz closure has not yet reached the Golden State, raising the risk of further price spikes and broader inflationary pressure.