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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: miraje who wrote (205578)	12/14/2023 11:34:24 PM
From: Elroy Jetson	Respond to of 206184

Unlike other parts of the US, California's gasoline consumption continues to decline (dark blue line) or at best remain flat if you have optimistic rather than accurate vision. Refineries in California are increasingly producing non-California blend gasoline (light blue lines) gasoline for other markets in order to maintain refinery capacities around 90%. Lower gasoline consumption inevitably means refinery conversions or closures for the highest-cost refiners - which means the smaller ones. . In fact only ten percent of California's 30 million drivers make up 1/3 of all gasoline consumption, driving more than 2,000 miles per month - 3.5 times the average driven in California. Most of these long commuters are lower-income workers spending more than 15% of their household income on gasoline! Not surprisingly two thirds of these long-commuters live in rural areas of California, although they may work in a city. California is sensibly trying to tailor EV subsidies to these 3 million drivers who could save the most, rather than posh consumers who want to show off the latest luxury EV model, driven 300 miles a month around town.