California asks why gas prices are so high

Newsome and pawn whines about why California gas prices are so high, and Valero exec answers him. Newsome and pawn whines about why California gas prices are so high, and Valero exec answers him in glorious detail. Telling them to break out a mirror, and explain why they think taxes, regulations, destroying refining, demanding custom blends, and the stiffest environmental regulations wouldn't get passed on to customers? ℹ️ Info           ~ Aristotle Sabouni Created: 2022-10-08

Highlights

1. For Valero, California is the most expensive operating environment in the country and a very hostile regulatory environment for refining.
2. California policy makers have knowingly adopted policies with the expressed intent of eliminating the refinery sector.
3. California requires refiners to pay very high carbon cap and trade fees and burdened gasoline with cost of the low carbon fuel standards.
4. With the backdrop of these policies, not surprisingly, California has seen refineries completely close or shut down major units.
5. When you shut down refinery operations, you limit the resilience of the supply chain.

Policies

1. California regulators have mandated a unique blend of gasoline that is not readily available outside of the West Coast.
2. California is largely isolated from fuel markets of the central and eastern United States.
3. California has imposed some the most aggressive, and thus expensive and limiting, environmental regulatory requirements in the world.
4. California polices have made it difficult to increase refining capacity and have prevented supply projects to lower operating costs of refineries.

So California mandates a unique fuel that is not readily unavailable outside of the West Coast, then burdens or eliminates refining capacity, then adds new taxes and regulatory constraints, and then is shocked that the suppliers have to pass those costs on to consumers?

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🔗 More

California This article lists some of the intolerance, incompetence, and progressivism that have come to exemplify the Golden State.

California Incompetence Incompetent and sanctimonious is a heady mix that makes California one miserable place to live your life.

Gavin Newsom Gavin Newsom is a flaming, hypocritical, corrupt douchebag from governor of a state full of the same.

🔗 Links

• https://twitchy.com/dougp-3137/2022/10/08/brutal-indictment-calif-dems-demanded-energy-companies-explain-why-gas-prices-are-so-high-and-one-company-was-happy-to-help/
• https://www.scribd.com/document/599189899/Valero-Response-to-CEC-Letter
• [[1]]
• [[2]]
• Wikipedia:Valero_Energy

Tags: California  Incompetence  Newsom