California Warns Gas Traders Ahead of Threatened Fuel Shortage
Regulators will scrutinize anyone who drives prices up while also holding long positions.
A worker prepares a fuel refill hose at a gas station in Hercules, California.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Welcome to our guide to the commodities powering the global economy. Today, reporter Nathan Risser looks at California’s potential shortage of gasoline.
Fuel prices in California are poised to spike this fall amid stresses to supplies. With that in mind, the state energy regulator recently delivered a clear message to gasoline traders: we’re watching you.