California Monitors Gasoline Market Amid Rising Global Oil Prices

California's energy regulator is closely monitoring the state's gasoline market for signs of potential price gouging. Bloomberg posted on X, highlighting concerns as the ongoing conflict in Iran has led to a surge in oil and fuel costs worldwide. Reports indicate that some gas stations in California are charging up to $8 per gallon, prompting increased scrutiny from state officials. The regulator aims to ensure fair pricing practices and protect consumers from unjustified price hikes during this period of global economic uncertainty.