A new study from the University of Southern California warned that gas prices in the state could reach $8 per gallon by the end of 2026. Two oil refineries in the state, the Phillips 66 refinery in Los Angeles and the Valero facility in Northern California,

California could see retail gas prices as high as $8.40 a gallon if it continues down the path it is on, a researcher warns.

Recently released analysis by a university professor highlights possible impacts two refinery closures will have at the gas pump.