SAN FRANCISCO, CALIFORNIA – Following multiple fires and air quality-related fines, Valero has said that it plans to shut down the Benicia, California oil refinery in 2026.
Now, a new report from UCSD warns that the impact of a refinery closure in California gas prices would be devastating.
The new report from the top energy economist at the university shows that gas prices in the Bay Area could soar as high as eight dollars per gallon if the Valero refinery, and a similar refinery in Southern California operated by Phillips 66, were to close…