Valero announces closure of Benicia refinery by next year, citing CA regulations and high costs
And another one bites the dust. Phillips 66 was the last one, Chevron next? From the link below..
...According to representative Fong and several other sources, at one time in the late seventies, somewhere between 40 to 50 refineries were operating in the state of California.
Depending upon who you talk to, that number is now down to about 7 full refineries and 5 smaller, privately owned refineries...
California should be named the Vaseline State, as voters there seem to like taking it up the yang. Not just the highest gas prices, but the 2nd highest electricity prices in the US (behind only Hawaii). Also, from the below link (read it and weep)..
... Policies such as ABX2-1 signed into law by Governor Newsom October 14th of 2024, tightening the state's control over the California transportation fuels market.
Policies that Fong says, he and others warned the governor about.
"Not only did I warn the governor, but also the governor of Arizona and the governor of Nevada," Fong exclaimed. Arizona and Nevada both warned the governor, bipartisan concern, that this was going to lead to shortages and this was going to cause more refinery closures...
I've said it before and I'll say it again, NV and AZ need to wake up before CA implodes. Get off the CA fuel tit before it completely dries up and build pipelines to the east, or better yet, build some local refineries..
kmph.com
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