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California Gas Prices Spike 40 Cents in Two Weeks
Refinery closures drive up costs for drivers as state faces supply crunch
Published on Feb. 17, 2026
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California drivers are facing a significant surge in gasoline prices, with the statewide average climbing to $4.58 per gallon as of February 17, 2026. This represents an increase of 40 cents in just two weeks, sharply outpacing the national average of $2.92, according to data from AAA. The price jump is directly linked to reduced refining capacity within the state, with the recent closure of the Valero refinery in Benicia and the earlier shutdown of the Phillips 66 refinery in Los Angeles constricting the supply of gasoline available to California consumers.
Why it matters
California consistently experiences higher gasoline prices than the national average due to a combination of factors, including stringent environmental regulations, high taxes, and its relative isolation from major fuel distribution networks. The state's unique gasoline blend requirements further limit the ability to import gasoline from other regions during supply disruptions. The current price spike is expected to impact individual budgets as well as the broader economy, potentially dampening consumer spending and increasing transportation costs for businesses.
The details
The Benicia refinery closure is particularly impactful, leaving Northern California with fewer options for fuel production. The remaining refineries are located in the Bay Area and Southern California, but their ability to fully offset the lost production is questionable. Industry analysts will be closely monitoring refinery utilization rates and inventory levels in the coming weeks to assess the potential for further price increases. The state's dependence on a limited number of refineries makes it particularly vulnerable to disruptions, and any unforeseen maintenance issues or further closures could exacerbate the current situation and drive prices even higher.
- On February 17, 2026, the statewide average gasoline price in California climbed to $4.58 per gallon.
- In the past two weeks, the price of gasoline in California has increased by 40 cents.
The players
Valero
An oil and gas company that recently decided to wind down operations at its Benicia refinery in California.
Phillips 66
An oil and gas company that earlier closed its refinery in Los Angeles, California.
Gavin Newsom
The Governor of California, who has been urged by the state's Republican caucus to convene a special session to address the 'cost and supply crisis' stemming from state policies impacting the oil and gas industry.
What they’re saying
“We must convene a special session to address what we describe as a cost and supply crisis stemming from state policies impacting the oil and gas industry.”
— California State Senate Republican Caucus (newsdirectory3.com)
What’s next
The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.
The takeaway
This case highlights growing concerns in the community about repeat offenders released on bail, raising questions about bail reform, public safety on SF streets, and if any special laws to govern autonomous vehicles in residential and commercial areas.
