California's Gas Price Crisis Deepens Amid Global Turmoil. As gas prices soar above $6 in the Golden State, residents are bracing for the worst, but a glimmer of hope has emerged in the form of a six-week fuel supply cushion. According to the state's energy commission vice-chair, California's current stockpile is sufficient to meet demand for the next six weeks, offering a temporary reprieve from the economic pinch. However, the situation remains precarious, with global oil markets in a state of flux, and the latest development in the Iran-US nuclear deal has sparked fresh uncertainty. Will the tentative agreement between Washington and Tehran ease tensions and stabilize oil prices, or will the situation continue to deteriorate?
State can meet fuel demand for next six weeks with its current supply, its energy commission vice-chair said. Plus, alleged Jeffrey Epstein suicide note unsealed by federal judgeGood morning.Gas prices have risen above $6 in California – but there is yet more uncertainty on the horizon after the last oil tanker from the Middle East arrived in the state this week.What do we know about progress on a deal? Axios reported on Wednesday that Washington and Tehran were close to agreeing on a memorandum of understanding to end the war. Officials in Pakistan told the Guardian that an initial framework could possibly be agreed within 48 hours – but that nothing was certain and talks remained “difficult”.Head to our liveblog for the latest. Continue reading...
