California Importing Foreign Fuel After Running Refineries Out Of Town
9 hours ago Guest Blogger
From THE DAILY CALLER
Daily Caller News Foundation
Audrey Streb
DCNF Energy Reporter
California imported a record amount of gasoline in November after major refinery closures tied to years of Golden State leaders imposing strict regulations, Bloomberg News reported Sunday.
Over 40% of imported gasoline to California hailed from the Bahamas, with Asian nations like Japan and India contributing additional volume, Bloomberg News noted, citing data from Vortexa. California politicians have imposed harsh regulations on the oil and gas industry for years, enacting America’s highest tax on gasoline and implementing a cap-and-trade program for emissions that some policy experts have linked to rising energy costs in the state.
The state has the most expensive gas prices in the nation, at $4.58 a gallon — standing in contrast with the national average of $2.92 a gallon — according to the most recent AAA data. Bloomberg News reported that added shipping expenses are further burdening California’s already costly gas market.
Two major refineries are also closing shop in California, with Phillips 66 winding down its California refinery, while Valero is set to shutter its Benicia facility and record a $1 billion write-down.
https://wattsupwiththat.com/2026/02/20/california-importing-foreign-fuel-after-running-refineries-out-of-town/