California Gas Prices Surge 40 Cents in Two Weeks Amid Refinery Closures

California gas prices have surged 40 cents in two weeks, reaching $4.58 a gallon, due to a reduction in refining capacity from the closure of Valero's refinery in Benicia and the Phillips 66 refinery in Los Angeles. The state's gas prices are the highest in the nation, with six operating refineries remaining. The California state senate's Republican caucus has called for a special session to address the "cost and supply crisis" created by state policies targeting the oil and gas industry.