Sung Won Sohn, professor of finance and economics at LMU, commented on California’s rising gas prices amid the conflict with Iran. Sohn explained that Southern California imports most of its oil and requires a special gasoline blend to reduce pollution, limiting supplies. When government regulations restrict flexibility and global supplies are down, “it’s a double whammy,” Sohn said, adding that “as a result, the prices tend to be a lot more volatile.”
Source: KNX-AM