excalibur
Diamond Member
- Mar 19, 2015
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And Newsom is the correct answer.
Imagine clamoring for Newsom to do for the USA what he has done [accomplished?] in California.
California gas prices could jump to $8 per gallon in 2026 thanks to the planned closure of two oil refineries in the state, according to an estimate by the University of Southern California.
Valero’s Benicia Refinery near San Francisco and Phillips 66’s Wilmington Refinery near Los Angeles are both slated to close in the coming year.
In explaining the company’s decision to close its Benicia refinery, Valero CEO Lane Riggs said on an earnings call that California’s tough “regulatory enforcement environment” was the main factor driving the closure of the state’s sixth-largest refinery.
...
Experts are predicting dire consequences; the two refineries represent almost 20 percent of in-state gasoline production, or around 6 to 6.2 million gallons of gasoline per day.
Already, California gas prices regularly sit 40 percent higher than the U.S. average, a difference attributable to “supply issues, the CA special blend of gasoline (which is only sold in California) and a layering of taxes and fees on the shoulders of consumers,” according to Mische.
California Governor Gavin Newsom, for his part, has blamed fossil fuel companies for the state’s high gas prices, saying the firms have been price gouging for a long time. “They’re screwing you,” Newsom said in October. “They’ve been screwing you for years and years and years. There’s no other way to put it.”
But Mische disputes Newsom’s claims, finding in his recent research that the state’s high gas prices are “self-inflicted.” His study of 50 years of gas prices found no widespread evidence of price gouging, either by gas station owners or refiners or oil producers in the state.
...
www.nationalreview.com
Imagine clamoring for Newsom to do for the USA what he has done [accomplished?] in California.
California gas prices could jump to $8 per gallon in 2026 thanks to the planned closure of two oil refineries in the state, according to an estimate by the University of Southern California.
Valero’s Benicia Refinery near San Francisco and Phillips 66’s Wilmington Refinery near Los Angeles are both slated to close in the coming year.
In explaining the company’s decision to close its Benicia refinery, Valero CEO Lane Riggs said on an earnings call that California’s tough “regulatory enforcement environment” was the main factor driving the closure of the state’s sixth-largest refinery.
...
Experts are predicting dire consequences; the two refineries represent almost 20 percent of in-state gasoline production, or around 6 to 6.2 million gallons of gasoline per day.
Already, California gas prices regularly sit 40 percent higher than the U.S. average, a difference attributable to “supply issues, the CA special blend of gasoline (which is only sold in California) and a layering of taxes and fees on the shoulders of consumers,” according to Mische.
California Governor Gavin Newsom, for his part, has blamed fossil fuel companies for the state’s high gas prices, saying the firms have been price gouging for a long time. “They’re screwing you,” Newsom said in October. “They’ve been screwing you for years and years and years. There’s no other way to put it.”
But Mische disputes Newsom’s claims, finding in his recent research that the state’s high gas prices are “self-inflicted.” His study of 50 years of gas prices found no widespread evidence of price gouging, either by gas station owners or refiners or oil producers in the state.
...
California Gas Prices Are Out of Control — and They’re About to Get Worse | National Review
Gas is expected to hit $8 per gallon due in part to the closure of two major oil refineries that were regulated out of existence.
