Bay Area gas prices rise as just one refinery remains

Bay Area gas prices rise as just one refinery remains

By Nathan Risser | Bloomberg A fire Monday at Valero’s Benicia refinery leaves only one gasoline plant still operating in the San Francisco Bay Area, putting pressure on prices ahead of peak driving season and stymieing Governor Gavin Newsom’s efforts to offer relief to Californians. Chevron’s Richmond refinery currently is the only plant in Northern California able to make up the fuel shortage after Phillips 66 and Marathon Petroleum converted …

California Loses Another Oil Refinery – Gas Prices to Rise 75% by 2026

Oil refinery Valero has opted to close its operations in California due to excessive regulations on energy. Located in the small city of Benicia, the town is expected to lose 400 jobs, which the mayor is calling the exit “a major hit on the city.” Everyone in California is feeling the impact of Newsom’s war on fossil fuels. Valero said its decision ” follows years of regulatory pressure, significant fines for air quality violations, and a recent…

Oil giant Valero Energy will close California refinery after 25 years in operation, inflicting ‘a major hit on the city’ — why refineries are ditching the Golden State