Banning Russian oil will affect West Coast gasoline prices more than those in other parts of the country because the West Coast uses more Russian oil.
Gasoline prices are still below their historical peak, adjusted for inflation, but no one can say how high they’ll go., it is isolated from the bulk of U.S. oil production and so has become increasingly reliant on imports because of declining production from California and Alaska, Energy Department data show.
Further complicating the supply outlook: California oil production is down 70% from the 1986 peak, Lipow said, and “the prospects for increased drilling in California are slim due to the regulations governing that activity.”
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