CA’s Self-Inflicted Fuel Crunch Escalates Economic and Political Tensions
June 11, 2025
Los Angeles Times
Energy Institute Faculty Director, Severin Borenstein discusses how less refining capacity will likely affect gas prices in California.
“’Between [Phillips 66 Wilmington and Valero Benicia], they produce almost 20% of California’s gasoline, which is a huge blow,’ Borenstein told SFGATE. “'[Y]ou can’t take 20% of the supply away without having a very significant impact on the price.’”
Photo: latimes.com
Read more on gas price spikes at: The Breakthrough Institute, KQED