It’s well known by now that California’s refinery capacity is stretched to the limit. The state’s total crude oil consumption last year was 1.40 million barrels per day, with daily refinery capacity at 1.62 million barrels per day. When accounting for downtime for maintenance and accidents such as the fire in the PBF refinery in Martinez, that’s a thin...

If he hasn’t done so already, Governor Newsom needs to demand the state legislature rescind the so-called “ABX2-1” passed on October 14, 2024 in an effort to prevent “price gouging.” If the legislature does not cooperate, Newsom needs to declare a state of emergency and suspend the law. Because if he does not, he will lose whatever...