California’s gas prices fall below $5 for first time since July

By Mia Gindis | Bloomberg

California pump prices fell below $5 a gallon for the first time since July, following national levels lower but still the highest in the country.

Regular gasoline costs an average of $4.98 a gallon in the Golden State after topping $6 in September, according to data from the American Automobile Association. An initial drop in prices was prompted by Governor Gavin Newsom’s decision to waive an anti-smog rule, allowing for the use of cheaper winter-grade fuel – which can be made from a wider, less costly pool of components – earlier than usual.


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