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Valero to Keep Importing Gasoline After Benicia Refinery ...
Valero will idle its Benicia refinery by April, reducing local refining capacity by 170,000 barrels per day and increasing fuel imports to maintain Bay Area supply.
- On Tuesday, Valero Energy Corp. announced it will power down local operations at the Benicia refinery and idle the facility by April, starting unit shutdowns in February.
- Citing high costs and strict state rules, Valero said continued operation became problematic, first announcing in April 2025 plans to cease Benicia operations amid California energy policies and Phillips 66's similar closure.
- To limit job disruptions, Valero is preparing WARN notices and offering workers transfers or job assistance as it increases gasoline imports and uses inventory to supply Northern California.
- Removing 2.2 billion gallons of supply will likely strain California pump prices, while the city of Benicia faces an $11 million annual property tax loss and about 400 refinery workers are affected.
- Last year, Valero Energy Corp. recorded a $1.1 billion pre-tax impairment for its California operations as the Energy Information Administration estimated a 3% decline to 17.9 million barrels daily.
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siliconvalley.com
siliconvalley.comValero confirms Benicia refinery will shutter, leaving questions of site’s future
The Texas energy company Valero is carrying out a plan to close its oil refinery in Benicia, the company said Tuesday, after Gov. Gavin Newsom reportedly tried and failed to find a buyer. The closure could cut hundreds of jobs and is expected to bruise the tax base of Benicia, a community anchored by the refinery that has also endured toxic pollution. But the company may replace its gas output with imports by ship, buffering California’s fuel su…
·San Jose, United States
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Total News Sources13
Leaning Left3Leaning Right2Center5Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 30%
C 50%
R 20%
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