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Gas prices within the last 10 years highlight how volatile the market can be. When looking at historical data, gas prices were the same in 2011 as they were in 2023 — $3.52 per gallon.
The largest component of the average price of $2.80/gallon of regular grade gasoline in the United States from 2012 through 2021, representing 54.8% of the price of gas, was the price of crude oil. The second largest component during the same period was taxes—federal and state taxes representing 17% of the price of gas.
About 2/3 of California's home heating is supplied by natural gas, and most new homes are constructed with both natural gas and electric heating. [104] The California Building Standards Code has targeted residential energy efficiency since 1978; [105] Part 11 of the code is the California Green Building Standards Code.
The Encanto Gas Holder was a natural gas holding station composed of over 9 miles (14 km) of underground 30-inch (760 mm) pipe on about 16 acres (65,000 m 2) of land in Lemon Grove, adjacent to the city of San Diego.
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In October 2014, Commission President Michael Peevey decided to step down at the upcoming end of his second six-year term in December. The agency had an apparent cozy relationship with Pacific Gas & Electric, a utility whose gas line exploded in San Bruno killing eight people in 2010. [15]
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Sempra was sued over claims it manipulated natural gas supplies and electricity contracts during the 2001 California electricity crisis. [7] In 2006, the company agreed to pay $377 million to settle gas supply claims, and in 2010, it paid another $410 million to settle claims on electricity price gouging, but has never admitted wrongdoing. [7]