Here's California electricity prices for the last ten years: https://ycharts.com/indicators/california_electric_utility_retail_price#:~:text=Basic%20Info,9.14%2

Here's California electricity prices for the last ten years: https://ycharts.com/indicators/california_electric_utility_retail_price#:~:text=Basic%20Info,9.14%25%20from%20one%20year%20ago https://ycharts.com/indicators/california_electric_utility_r.... There's a clear seasonal pattern and steady increase over time, but isn't particularly spiky otherwise. And here's diesel, with a nice wall of an increase (~50%) in March last year due to a certain geopolitical event. https://ycharts.com/indicators/california_no_2_diesel_retail_prices https://ycharts.com/indicators/california_no_2_diesel_retail... Electricity went up at the same time from about 21¢ to 24¢, less than half the relative increase in diesel prices. And this is pretty typical: geopolitical events cause price spikes (or sometimes dips, when the producers happen to try to undercut one another), and then slowly normalize. Electricity, by contrast, is lots of sources rolled together, spread all over the planet. Shocks in one source will certainly show up, but are stacked by other sources.