Challenges Mount in California’s Fuel Market

California’s fuel market, where gasoline prices have been consistently higher than the national U.S. average, has seen multiplying challenges in recent years, which resulted in new state legislation and an announcement of a refinery closure in October, the Energy Information Administration (EIA) said in an analysis on Monday. As of December 9, the average U.S. retail price for a gallon of regular gasoline was $3.018, according to AAA data. Retail gasoline prices in California, however, averaged $4.365 per gallon. California retail gasoline…