Posted on 12/14/2025 5:33:16 PM PST by lowbridge
Valero is taking a $1 billion dollar loss just to get out of California by April 2026.
The company will not comply with Gavin Newsom mandates and instead is willing to lose a billion dollars to leave.
“When a company takes a billion dollar loss just to leave, you know something is seriously broken.”
“Valero just wrote off $1.1 billion. That is the cost they are taking to walk away from California rather than keep operating their Benicia refinery past April 2026.
— This facility processes 145,000 barrels of oil per day, representing 8.6% of California's entire gasoline production. 400 workers have lost their jobs.
200 contractors are The city of Benicia loses 17% of its entire budget, and California drivers, they are about to get hammered with the worst gas prices in American history.
University of California Davis economists calculate a 40 cents per gallon increase the moment Phillips 66 closes their Los Angeles refinery this December. Then another 81 cents when Valero shuts down four months later in April. That totals a $1.21 per gallon increase by August 2026, your 15 gallon fill-up jumps from $70 to at least $95.
The Stanford Energy Institute came up with even worse projections. They are showing potential spikes to $8 per gallon during supply disruptions.
UC Berkeley's Severin Borenstein, who has been tracking California energy markets for decades, warns these closures could create severe gasoline shortages with unprecedented price increases.
(Excerpt) Read more at x.com ...
love it
Liberals broke it, and I dont care one whit about them reaping the consequences.
Hmm...are they getting the government they deserve?
Liberals intend to buy up and nationalize those assets under California.
VALERO is gone, replaced with Sinclair and Arco across southern cal. The dyslexic, adulterous bastard offered them 200 million to stay and they said FY bastard.
Who is Newscum gonna blame this time? Of course it is all Trump’s fault.
In Western Arizona, most of the gasoline comes from California. Our prices will go up considerably.
I hope distributors from Texas will be able to supply us.
So where are they going, I wonder? Or are they just shutting down?
Hopefully they will have to buy gas from Texas so California can pay our tax burden as well.
It’s happening in Washington state too. Phillip’s is closing.
That will impact not just California’s economy, but the US economy. Any positives from Trump’s tax/regulation reductions, will be wiped out.
Valero’s global headquarters are located in San Antonio, Texas.
They are just pulling out of the People’s Republic of California... at a loss.
“Liberals broke it, and I dont care one whit about them reaping the consequences.”
And they’ll leave to plague the rest of us. The farmers will be ruined.
This is the Plan.
Good.
The people of California should get what they voted for and they should get it good and hard.
L
Dumbasses.
Q: What are California’s projected gasoline prices by summer 2026?
A: California’s projected gas prices for summer 2026 are highly uncertain, but some analyses from mid-2025 suggested potential spikes to $7-$8+, even $8.43 per gallon, driven by refinery closures (Phillips 66, Valero) and strict state regulations, while other factors like tariffs and global demand could moderate these, with some experts predicting price drops due to economic slowdowns. The official view from Newsom’s office downplayed these warnings as “guessing,” highlighting the debate over future costs.
-google AI
Shell is leaving too. Enjoy the suck a-holes.
Another nail in the coffin of Newsom’s presidential aspirations.
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