tradingkey.logo

California should support fuel imports, find ways to retain refiners, regulator says

ReutersJun 27, 2025 7:56 PM

- California's energy regulator on Friday issued recommendations to Governor Gavin Newsom to support timely fuel imports and explore ways to retain operations at existing refineries in the state.

Newsom had earlier this year asked the California Energy Commission to recommend changes to the state's energy transition efforts, as it faces higher fuel costs from Phillips 66 and Valero's decision to shutter refineries supplying about 20% of the state's total fuel production capacity.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Tradingkey

Related Articles

Tradingkey
KeyAI