I stand here in front of this chart which says that gasoline is $4.09, which is the national average. As my friend indicated, I'm from California. I can tell you that this last weekend when I was home I paid $4.91 for premium unleaded. In California, where we have even more restrictions on refineries and fuel and gasoline than you do nationally, our price is even higher than it is nationally, so we're headed for $5-a-gallon gasoline in California. The one thing that's not very well known is it's not going to stop there. Natural gas price has gone up as well. The price of natural gas is now about 50 percent higher than it was just about 6 months ago. Now, in my home State of California, about 95 percent of our heating comes from natural gas and about 50 percent of our electricity comes from natural gas. So my constituents are already being shocked at the gas pump; but come this summer, they're about to be shocked with their electric bill. And come this winter, they will be shocked with their natural gas heating bill. All these energy prices are going up. They're impacting consumers, and they're impacting businesses.
John Campbell: “I stand here in front of this chart which says that gasoline is $4.09, which is the national average. As my friend…”
Editor's note · Context
Discussing rising gasoline and natural gas prices affecting California consumers.
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