While Californians may finally be seeing some relief at the pump, drivers in the Golden State are still paying significantly more than the national average.
Ecstatic fans descend on Manhattan for Knicks' championship celebration — follow along for live updatesAs of Thursday, the state’s average price for a gallon of regular gasoline stood at $5.60, down from $6.15 a month ago,The deal aims to end the three-month conflict and open a 60-day window for nuclear negotiations.
It was initially signed electronically earlier in the week but was formally sealed by Trump Wednesday evening in a candlelit event that officials described as a symbolic “key moment in history,” underscoring the administration’s efforts to cement the agreement as talks continue over Iran’s compliance and future concessions. The diplomatic breakthrough sent shockwaves through global markets.
US stocks rebounded sharply, with the tech-heavy Nasdaq Composite jumping more than 1% as investors breathed a sigh of relief, the The primary driver behind the falling pump prices is a steep slide in global oil markets. Brent crude futures — the international benchmark — tumbled to trade just a few dollars above their prewar level of roughly $72.50 a barrel, erasing the so-called “war premium” that had inflated energy costs for months.
While Californians may finally be seeing some relief, drivers in the Golden State are still paying significantly more than the national average. The average US gas price currently sits at about $3.90 per gallon. Fuel prices are higher in California because of a combination of factors, including the nation’s highest state fuel taxes, strict environmental regulations requiring cleaner-burning fuel blends, and a vulnerable supply chain that can be disrupted by reduced in-state refining capacity.
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