California Warns on Price Gouging as Some Gas Stations Charge $8

California’s energy regulator is keeping a close watch on the state’s gasoline market for potential price gouging as the Iran war spikes oil and fuel costs around the globe.

Some gas stations are charging as much as $8 a gallon, “extraordinarily high prices” that are out of line with crude oil and gasoline futures prices, the Division of Petroleum Market Oversight said in a press release on Thursday.