Amid the West Asia crisis and a sharp jump in global crude prices, India’s fuel market has stayed comparatively stable. The article points to resilient domestic demand, expanding refining capacity, rising renewable energy output, and targeted government interventions that helped blunt the impact on consumers and keep fuel prices from tracking the global spike.
California’s oil and jet fuel crunch is deepening as inventories fall more than 25% to multi-year lows and refining capacity drops nearly 20% after major shutdowns. Jet fuel is nearing $15 per gallon and gasoline is around $5.85 statewide. With California reliant on slower, pricier imports from Asia amid Middle East-related disruptions, airlines are cutting routes—leaving the big question: when does supply stabilize?
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