Californians must love high gas prices.
KRON 4 (5/29/25) reports: "California is bracing for the closure of two major oil refineries, including one in the Bay Area. State lawmakers are sounding the alarm on what that could mean for gas prices. At just under $5 per gallon in Walnut Creek, some drivers are forking out over $100 to fill up the tank. With two refineries preparing to shut down, that’s expected to drive up prices. In the East Bay, the Valero Benicia Refinery is expected to close in April 2026. Down in Southern California, owners of the Phillips 66 refinery are also planning to stop operations in the next year. Assemblymember Cottie Petrie-Norris (D-Irvine) said, 'If all we’re doing here in California is reducing our emissions, which are 1% global emissions, it doesn’t matter a damn. I would argue again that when we’re thinking about climate leadership, we need to make sure that the policies that we’re implementing here in California are affordable and accessible for all Californians. I know that what climate leadership does not look like, and that is $10 gas.' Fewer refineries will mean higher prices. It’s a simple case of supply and demand. That has some state lawmakers concerned about the future."
|
|
|
|
|
|
|