There’s a lot of potential supply in Alaska that could help. I think more is coming online soon.

Undisciplined

Diesel prices in the state hit a record $7.07 per gallon, surpassing the previous peak of $7.01 set in June 2022.

At the same time, gasoline prices are approaching $6 per gallon, compared to a national average of ~$4.

This comes as California imports ~20% of its refined fuels from Asia, a supply line now at risk as the Strait of Hormuz closure leaves Asian nations struggling to meet their own domestic demand.

Fuel shortages in California are now a real possibility.

Meanwhile, Chevron is now taking the unusual step of shipping Gulf Coast oil to California through the Panama Canal to bypass the disrupted Asian supply routes.

What if San Francisco or Los Angeles does not have the jet fuel or gasoline it needs?

Stacker_Stocks

Diesel prices in the state hit a record $7.07 per gallon, surpassing the previous peak of $7.01 set in June 2022.

At the same time, gasoline prices are approaching $6 per gallon, compared to a national average of ~$4.

This comes as California imports ~20% of its refined fuels from Asia, a supply line now at risk as the Strait of Hormuz closure leaves Asian nations struggling to meet their own domestic demand.

Fuel shortages in California are now a real possibility.

Meanwhile, Chevron is now taking the unusual step of shipping Gulf Coast oil to California through the Panama Canal to bypass the disrupted Asian supply routes.

What if San Francisco or Los Angeles does not have the jet fuel or gasoline it needs?

![](https://m.stacker.news/135933)