California

California Drivers Brace for Higher Gas Prices This Summer as Tax Hike, Refinery Closures, and Global Tensions Converge
Business

California Drivers Brace for Higher Gas Prices This Summer as Tax Hike, Refinery Closures, and Global Tensions Converge

California motorists could face sustained pain at the pump this summer as the state’s fuel excise tax rises, refinery shutdowns tighten supply, and geopolitical instability roils energy markets. Starting July 1, the gasoline tax will increase by 2 cents per gallon—to 63 cents—while diesel tax edges up to 48 cents. Analysts say the tax bump alone won’t trigger a dramatic price spike, but when layered with capacity cuts and global uncertainty, the outlook is more volatile.

International Property Investors Rethink Their Priorities as Los Angeles Slips in Foreign Buyer Rankings
Business

International Property Investors Rethink Their Priorities as Los Angeles Slips in Foreign Buyer Rankings

Los Angeles has long been a magnet for international real estate buyers drawn by its climate, entertainment scene, and investment potential. But a new analysis suggests those foreign buyers are increasingly looking beyond Southern California, turning their attention to other U.S. cities instead—a shift that could reshape travel patterns, local housing markets, and how destinations market themselves globally.