California just got a wake-up call about the real-world consequences of its misguided energy policies.
Two major refineries – Phillips 66 in Los Angeles and Valero in Benicia – have announced plans to shut down operations in the coming 12 months, removing nearly one-fifth of California’s in-state fuel production.
With less than a month before election day, California Governor Gavin Newsom signed new refinery supply mandates into law, threatening to hike gas prices not just in California, where prices now top $4.68/gallon, but also in swing neighboring states like Arizona and Nevada.
