- Chevron is warning it may shut down its California refineries, arguing that heavy regulation and taxes are driving up costs and pushing the state toward a breaking point just as global supply shocks hit. With tensions in the Middle East disrupting oil flows and Asian refineries cutting output, California could face real fuel shortages, from gasoline to jet fuel.
- Less in-state refining means deeper reliance on imports in an increasingly unstable global market, leaving California more exposed to price spikes, delays, and energy insecurity.
The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.