State closing 2 refineries that made their special blend. This is all part of their planned agenda to destroy the ICE and force people into battery powered cars.
Government policies have forced the refineries to shut down.
It is laughable how some in the government want the governor to prevent the refineries from shutting down.
That is crazy, the reason they are shutting down is difficult business environment caused by state government policy
With a cost of living that’s 38.5% higher than the national average, California is an expensive place to live. In fact, the Golden State currently ranks as the third most expensive state to live in, but a recent news report suggests California could potentially work its way up that list in the years to come.
According to a report from USC’s Marshall School of Business, California drivers could be paying more than $8 per gallon for gasoline by the end of 2026. The analysis, authored by Professor Michael A. Mische, warns of a potential 75% price increase from the April 2025 average of $4.82 per gallon.
According to KTLA 5 News, the potential increase is primarily driven by the scheduled closures of two major oil refineries. The Phillips 66 refinery in Los Angeles and Valero’s facility in Northern California are both slated to shut down, removing approximately 21% of the state’s refining capacity over the next three years.
"Weak refining margins, rising regulatory compliance costs, softening demand for gasoline and the push for lower-carbon alternatives like batteries and renewable diesel have each contributed to a steady decline in California’s refining capacity the past few years," writes Robert Auers in a blog post for RBN Energy LLC.
"Now, Phillips 66’s plan to idle its 139-Mb/d Los Angeles Refinery in Q4 2025 will leave the Golden State with only seven conventional refineries producing gasoline, diesel and jet fuel — a couple of dozen fewer than it had 40 years ago."
The closure of these two refineries could lead to a daily deficit of 6.6 million to 13.1 million gallons of gasoline, as California currently consumes over 13.1 million gallons daily while producing less than 24% of its crude oil needs. Lawmakers have expressed concern over the potential economic impact and have urged Governor Gavin Newsom to intervene and prevent the refineries from closing.
“If the Governor doesn’t act now, Californians will be blindsided by sticker shock at the pump and skyrocketing prices on everyday goods,” said Senate Minority Leader Brian W. Jones in a written statement.
Government policies have forced the refineries to shut down.
It is laughable how some in the government want the governor to prevent the refineries from shutting down.
That is crazy, the reason they are shutting down is difficult business environment caused by state government policy
With a cost of living that’s 38.5% higher than the national average, California is an expensive place to live. In fact, the Golden State currently ranks as the third most expensive state to live in, but a recent news report suggests California could potentially work its way up that list in the years to come.
According to a report from USC’s Marshall School of Business, California drivers could be paying more than $8 per gallon for gasoline by the end of 2026. The analysis, authored by Professor Michael A. Mische, warns of a potential 75% price increase from the April 2025 average of $4.82 per gallon.
According to KTLA 5 News, the potential increase is primarily driven by the scheduled closures of two major oil refineries. The Phillips 66 refinery in Los Angeles and Valero’s facility in Northern California are both slated to shut down, removing approximately 21% of the state’s refining capacity over the next three years.
"Weak refining margins, rising regulatory compliance costs, softening demand for gasoline and the push for lower-carbon alternatives like batteries and renewable diesel have each contributed to a steady decline in California’s refining capacity the past few years," writes Robert Auers in a blog post for RBN Energy LLC.
"Now, Phillips 66’s plan to idle its 139-Mb/d Los Angeles Refinery in Q4 2025 will leave the Golden State with only seven conventional refineries producing gasoline, diesel and jet fuel — a couple of dozen fewer than it had 40 years ago."
The closure of these two refineries could lead to a daily deficit of 6.6 million to 13.1 million gallons of gasoline, as California currently consumes over 13.1 million gallons daily while producing less than 24% of its crude oil needs. Lawmakers have expressed concern over the potential economic impact and have urged Governor Gavin Newsom to intervene and prevent the refineries from closing.
“If the Governor doesn’t act now, Californians will be blindsided by sticker shock at the pump and skyrocketing prices on everyday goods,” said Senate Minority Leader Brian W. Jones in a written statement.
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