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The closure is likely to increase California's already high prices at the gas pump, given that much of the replacement gasoline will be shipped in by ocean vessel, analysts say.
The Phillips 66 refinery complex in Wilmington and Carson now produces 1.3 billion gallons of gasoline annually, which will leave a huge gap to be filled after its planned closure late next year.
On Friday, the air board will vote on tighter carbon-reduction rules that, according to the board's own projections last year, could raise gasoline prices by up to 47 cents a gallon in 2025, an ...
The United States synthetic fuels industry collapsed when oil prices fell in the early 1980s. On 2 May 1982, known as "Black Sunday", Exxon canceled its US$5 billion Colony Shale Oil Project near Parachute, Colorado because of low oil-prices and increased expenses, laying off more than 2,000 workers and leaving a trail of home-foreclosures and ...
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The governor’s plan directs the California Energy Commission to require petroleum refiners to maintain a minimum gasoline inventory in hopes of keeping supplies — and gas prices — stable ...
From Wednesday to Thursday, the average price of a gallon of regular gasoline in California rose by nearly 14 cents to $6.03. By Friday, it was nearly $6.08.
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