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Stock impact report

California Gas May Soar Past $5 Per Gallon By 2026 [Yahoo! Finance]

Valero Energy Corporation (VLO) 
Last valero energy corporation earnings: 4/29 06:30 am Check Earnings Report
US:NYSE Investor Relations: investorvalero.com
Company Research Source: Yahoo! Finance
GasBuddy has predicted that U.S. motorists will pay an average of $2.79 per gallon on Christmas Day, down from $2.95 per gallon a year ago. That will mark the cheapest gas since prices averaged $2.26 per gallon in the Christmas of 2020. The Energy Information Administration has projected that rising global oil inventories will put downward pressure on oil prices, with a gallon of regular gasoline expected to average $3.00 in 2026, down from $3.11 in the current year. Unfortunately, California residents are not likely to enjoy reprieve at the pump any time soon. According to Andy Lipow, president of Lipow Oil Associates, gas prices in California could surge past $5 per gallon in 2026 due to a dearth of refineries. Currently, gas prices in the Golden State average $4.31 per gallon, with only Hawaii residents paying more at $4.42 per gallon. Most of the gasoline consumed in Hawaii is delivered by ship. “ The loss of the refineries are certainly going to result in California having mu Show less Read more
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