California Gas Prices Could Hit $8 as Green Mandates Shut Refineries
By Emma Caplan-Fisher | Yahoo
Two large California oil refineries are shutting down, triggering mounting concerns from state legislators, industry groups and many others.
Assemblymember Mike A. Gipson of the Gardena district bluntly described his concern during a recent Sacramento hearing.
“This is a tremendous loss,” Gipson told NBC Los Angeles, referring to the looming closure of the Phillips 66 plant near L.A. "The jobs that it holds, the individuals… working each and every day, those individuals live in my district, they shop in my district, they add to the economy in my district."
Shutting down refinery powerhousesThe Phillips 66 and Valero’s Benicia sites are set to close in 2026. Together, the shutdowns will eliminate nearly 300,000 barrels-per‑day of refining capacity —...