California Governor Scrutinized As Big Oil Retreat Leaves Drivers Paying The Price | Elizabeth Davis
Автор: Elizabeth Karsen
Загружено: 2026-01-08
Просмотров: 1347
Описание: Governor Gavin Newsom is under intense scrutiny as the strategic retreat of "Big Oil" from the Golden State leaves 40 million residents to shoulder the economic burden. In this investigative report, Elizabeth Davis breaks down the fallout of the January 6, 2026, announcement that Valero will officially begin idling its Benicia refinery this April, effectively ending Northern California’s primary source of domestic gasoline production. This move, coming on the heels of Phillips 66 shuttering its Los Angeles operations in late 2025, represents a staggering 20% loss in the state's total refining capacity. While the administration promises that maritime imports will fill the void, energy analysts warn of a "logistical nightmare" that could push gas prices to a record-shattering $8.43 per gallon by summer. We examine the widening gap between Sacramento’s climate mandates and the immediate energy needs of Californians, the risk of "gas deserts" in rural counties, and why the corporate exodus to Texas is no longer just a trend, but a permanent threat to the state’s energy security.
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