(The Center Square) – California is set to lose one of its nine remaining gasoline refineries by October, calling the security of its gasoline supplies into question.
With much of Arizona and Nevada relying on California for gasoline, the closure could have a broad regional impact on prices for gasoline and other products created by the refinery such as diesel and jet fuel.
Phillips 66 announced the closure of its Los Angeles facility, which accounts for 8.57% of the state’s remaining refining capacity, last year after the passage of new refinery regulations…