Posted on 10/02/2025 11:34:30 PM PDT by hole_n_one
LOS ANGELES - A massive fire erupted Thursday night at a refinery in Southern California.
Firefighters were dispatched around 9:35 p.m. to the Chevron refinery in El Segundo after receiving calls of smoke in the area.
Images from SkyFOX show large flames shooting through the refinery. Several people said they heard a loud bang, saying it felt like an earthquake or sounded like a plane crash since the refinery is near LAX.
The history behind Chevron's refinery
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The refinery spans two-square-miles, supplying more than 40% of jet fuel and more than 20% of motor vehicle fuel across all of Southern California. It's the largest producing oil refinery on the West Coast.
(Excerpt) Read more at foxla.com ...
Refineries blowing up in Cali is a sure way to scare up prices at the pump and make a windfall profit for the corp. Not surprised in the least.
Right.
Hasn’t this happened before?
In recognizing that Newscum is political scum, is it true when it comes to helping the local Calif. market get cheap energy to local “workers”, he’s a commie fascist?
California refineries run on razor thin margins due to CA regs, etc.(they lose $$ some months)...there is a reason 2 major refiners are pulling out of CA (Phillips 66 and Valero). See details here:
https://youtu.be/pEAk014OJe8?si=qS62YR4nVI5rDri5
Calif. needs to be split into two States:
The Coast and 100 miles inland from the coast to the eastern, northern, eastern and southern borders.
Some of my former colleague are about to have their month ruined.
Of course, this will create a major problem for Gavin as there is no spare capacity in CA. Gas prices are going to go sky high (already 2x higher than TX)
Four, and you got a deal. North & South coasts, too.
I'm not following your point. Are you saying that the company blew up their own refinery just to get profits from the increase in gasoline prices?
-PJ
I think the California mafia (Pelosi) is at war with the USA. Terror and sabotage is what they use to instead on bombers.
Great. Now we could use those extra refineries that the Greenies stopped building. They should be hanged.
Newscum is probably already eying it as another site to put up more low income housing.
The leftist government of CA can’t even say “price gouging”...they have audited/investigated refining operations in CA like 3 times (2 under Newscum) and every time they came up with “no gouging”.
See the “California volume-weighted average gasoline refining margin” section here at an official leftist CA govt. website:
(Refiners lost money 5 months out of 11 months in 2023-2024 in the latest investigation).
Actually, in this case, Chevron is moving operations out of CA. This would be a good reason for them to shutter the El Segundo refinery. At this point, those remaining refineries don’t actually make much profit due to taxes, fees and unending CA lawsuits.
California’s greenie/leftist investigations are from 2023 and 2024... it just costs more to produce refined products in CA (input costs higher too...”alkylate” for CA blend gasoline and West Coast crude oil). Thus the $1.25-$2. spread between nationwide and CA prices. The video I posted earlier has the relevant facts:
https://youtu.be/pEAk014OJe8?si=qS62YR4nVI5rDri5
https://www.afpm.org/newsroom/blog/alkylate-understanding-key-component-cleaner-gasoline
Can’t. By their own regs, it’s basically a SuperFund site that will take a long time to clean up.
A LOT has changed in CA refining from 2015. Most recently with the insistence that the refineries must store *way* more fuel to ‘prevent price spikes” but have to pay absurd amounts of money to get permits to do so, and if they can’t get the permits, they get fined a huge amount of money per day, even though it’s the state’s fault for slow-walking the permits. Further, this ends up with more gasoline wastage as modern gasoline ‘times out’ real quick and starts going off, so that’s gas that won’t be able to be sold and will have to be disposed of through state regulated means with accompanying fines. There’s a LOT more too.
All businesses are about maximizing profits. One way they do this is to keep prices at current levels and expand production. In a healthy economy that’s the usual choice. But when companies are prevented from expanding production because capacity is artificially restricted by government policies that make it too expensive to build new facilities or expand production at existing ones, then, over time, their fixed costs rise as a percentage of revenue. Companies placed in that situation are forced to raise prices in order to stay profitable.
Beyond that, with their production limited along with that of their competitors, there’s no incentive to lower prices. Each refinery has a maximum production capacity that it easily reaches. At full capacity, the gas companies can either keep prices as low as possible, which would minimize their profits and cause gas lines and shortages at the pump, or they can raise them. They understandably raise them. It’s simple supply and demand.
That likely is the biggest cause of increased wholesale fuel prices in California, and that’s separate and aside from retail taxes that are added on at the pump and paid for, soley by the consumer.
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