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‘Cannot do business in the state of California’: Gas could spike to $8 per gallon as two major refineries shut down — and that’s not all. Are the state’s strong regulations worth the cost?
Money Wise ^ | 06-23-2025 | Emma Caplan-Fisher

Posted on 06/23/2025 1:44:43 PM PDT by Responsibility2nd

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."

Shutting down refinery powerhouses

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.

(Excerpt) Read more at moneywise.com ...


TOPICS: Government; News/Current Events
KEYWORDS: california; economy; gasprices; oil; refineries; regulations
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And this is even before the threat of higher gas prices if/when Iran shuts down the Strait of Hormuz.
1 posted on 06/23/2025 1:44:43 PM PDT by Responsibility2nd
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To: Responsibility2nd

Making life miserable for the white middle class in California is a long term tactic of the “Reconquesta”.


2 posted on 06/23/2025 1:50:16 PM PDT by allendale
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To: Responsibility2nd
Environmentalists are happy.
3 posted on 06/23/2025 1:52:34 PM PDT by Angelino97
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To: Responsibility2nd

California: (aims gun at foot, fires)

Also California: “Ow, that hurt! It’s those evil Republicans again!”

CC


4 posted on 06/23/2025 1:54:00 PM PDT by Celtic Conservative (Pedisequus parasiticus es popularium!)
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To: Responsibility2nd

Embrace el sucko.


5 posted on 06/23/2025 1:54:14 PM PDT by crusty old prospector
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To: Responsibility2nd

“Assemblymember Mike A. Gipson of the Gardena district”

I wonder to which party Mike belongs? I guess it’s not relevant to the story...


6 posted on 06/23/2025 1:55:13 PM PDT by TheDon (Remember the J6 political prisoners! Remember Ashli Babbitt!)
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To: Responsibility2nd
Major alcohol distributor quits California, signals warning

Republic CEO Bob Hendrickson cited “rising operational costs, industry headwinds, and supplier changes as reasons for the move,” per the Chronicle.

Socialism is taking its toll on California.

7 posted on 06/23/2025 1:56:55 PM PDT by Pontiac (The welfare state must fail because it is contrary to human nature and diminishes the human spirit.)
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To: Responsibility2nd
Kinda weird to think what it'll be like if gas spikes at double the price/gallon of any other state in the US.

I mean, as far as I know there is still oil offshore with wells already drilled and capped off by gov't regulations.

Nearby are the refineries, all built and ready to produce if the state would just let them.

Something to think about while you're walking, isn't it?

8 posted on 06/23/2025 1:59:19 PM PDT by ZOOKER
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To: Responsibility2nd

That refinery is NOT near Los Angeles. It is in a suburb of LA County, but not near the city. How do I know? I grew up in Gardena and spent my teen years until I left. Why can’t the media get even the most simple facts correct?


9 posted on 06/23/2025 1:59:32 PM PDT by A Navy Vet (USA Birth Certificate - 1789. Death Certificate - 2021? )
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To: Responsibility2nd

Forgot to mention I remember that refinery. I think it’s off of Vermont Ave. or some other close big street. Not going to Google. Plus, I always thought that suburb was Torrance, not Gardena.


10 posted on 06/23/2025 2:02:46 PM PDT by A Navy Vet (USA Birth Certificate - 1789. Death Certificate - 2021? )
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To: Responsibility2nd

Of course the regulations are not justified.

Here deep behind enemy lines I recently saw a PSA for some group “seeking to hold oil companies is accountable.” I assume another effort to sue for allegedly causing global warming. It a PSA related to that? Why?


11 posted on 06/23/2025 2:11:38 PM PDT by j.havenfarm (24 years on Free Republic, 12/10/24! More than 10,500 replies and still not shutting up!)
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To: Angelino97
Environmentalists are happy.

Oil is used to make plastics for everything thing they drive, wear and use... who is going to tell them that?

12 posted on 06/23/2025 2:12:04 PM PDT by John123 (It is Time for Debt Jubilee. Everything is Free)
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To: Responsibility2nd
California drivers already pay the highest gas prices in the nation — around $4.85 per gallon, significantly greater than the $3.16 national average.

Yikes. I paid $2.54 per gallon Friday in Charlotte, NC.

13 posted on 06/23/2025 2:14:24 PM PDT by gitmo (If your theology doesn’t become your biography, what good is it?)
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To: Responsibility2nd

“Are the state’s strong regulations worth the cost?”

Of course...if they can save just one [fill in the blank] then it’s worth the cost./s


14 posted on 06/23/2025 2:22:32 PM PDT by teacherwoes (Our Lady of China, pray for us)
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To: Responsibility2nd

They’re getting what they voted for - not my concern.


15 posted on 06/23/2025 2:25:24 PM PDT by FLT-bird
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To: Responsibility2nd

The stupid should burn when lunatics are running the asylum.


16 posted on 06/23/2025 2:27:18 PM PDT by LastDayz (A Blunt and Brazen Texan. I Will Not Be Assimilated.)
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To: Responsibility2nd

I grew up in So. Cal, I used to ride or drive by the Torrance refinery, and because of family and regular visits drove by the Vallejo Refinery.
I left California permanently in 1979 because I could see the damage the east coast eco-nuts were doing to a beautiful state. Democrats killed my California.
Looks like the Refineries I grew up with have finally figured it out.
Every time I return to CA, I’m amazed at just how much they have Fuc$ed up that state. When I was growing up CA was at then height of its pollution. Today it is a far bigger cesspool, run by delusional Democrats that are going to save you from your own bad decisions, by forcing you to accept theirs.
I think that is called Tyranny.
Enjoy your own version of “Metropolis”.


17 posted on 06/23/2025 2:27:20 PM PDT by rellic (No such thing as a moderate Moslem or Democrat )
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To: Responsibility2nd

Good. Californians voted overwhelmingly for this. So they deserve to get it good and hard.

Sorry, Jim. That’s just the way I see it. Get out of California while you can.

L


18 posted on 06/23/2025 2:30:09 PM PDT by Lurker ( Peaceful coexistence with the Left is not possible. Stop pretending that it is.)
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To: teacherwoes

Just asking that question makes writer an idiot.


19 posted on 06/23/2025 2:33:14 PM PDT by Bonemaker (invictus maneo)
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To: allendale

Idiots, clueless idiots.


20 posted on 06/23/2025 2:44:11 PM PDT by gibsonguy ( )
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