Californians get ready for $8/gal. gas next year.......

Coldchi

Rising Star
BGOL Investor

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."

The 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 — roughly 20% of the total used in the state.

Valero attributed its decision to “years of regulatory pressure (and) significant fines for air quality violations,” including an $82 million penalty levied in 2024. Phillips 66 similarly cited business challenges stemming from California’s strict environmental regulations.

"They have said that they cannot do business in the state of California," Gipson reiterated. “The regulatory agencies have imposed on the refiners of California very stringent regulation that makes it very difficult for them to remain in the state of California.”

The way Gipson sees it, the state should do everything it can to ensure that its remaining refineries stay in California.

"These companies have been working to make sure they meet these standards, these goals and objectives that the regulatory agencies and legislature have set."

What’s at stake​

With California processing about 24% of its own crude oil needs but consuming a far greater share — some 13.1 million gallons daily — the impact of these closures is significant:

Less supply and higher gas prices​

California drivers already pay the highest gas prices in the nation — around $4.85 per gallon, significantly greater than the $3.16 national average.

With less local supply, experts warn of a potential impact that could range from modest spikes (less than $1 per gallon) to more dramatic spikes if supply disruptions occur. One particular analysis forecasts prices could even soar over $8 per gallon by late 2026.

“California can ill afford the loss of one refinery, let alone two,” said USC Professor Michael Mische in a May 2025 report.

Import dependency and emissions​

With fewer local refineries, the state will rely heavily on imported fuel — both from other U.S. regions and overseas — which would escalate shipping costs and increase emissions from tanker vessels at the ports as well as possibly the other refineries where the imported oil originates (they themselves may not be meeting sufficiently stringent environmental or quality standards).

Job losses and tax impacts​

Each closure risks the loss of hundreds of direct and indirect jobs. The Benicia refinery supports about 400 employees, while Phillips 66 has around 900 workers and contractors. Layoffs will ripple through communities, hurting local economies and tax revenue.
 
As long as white devils rule the world we can expect things like this. The ev1s and ev2s were crushed and shredded to make room for stuff like this. They confused the technology so you got to have a lot of money to have an electric car.
Producing free energy got a lot of people killed. If they cannot meter it or make the sells then they will not let it exist. That is why we buy vasline which is waste from oil and gas and why pharmaceuticals have a petroleum base.
Even with the so called justice system. When it comes to blacks legality is always an issue. But we saw how they do the media and the courts when it come to people like Zimmerman and Don Wilson. They both showed us you can hunt unarmed black kids and make a lot of money for doing it.
We should never forget they got a lot of technology hid that they have back engineered from studying black advanced civilizations that they keep hid from the masses.
 
Last edited:
Damn that

49512222.jpg


 
Back
Top