only a couple days after the California governor passed a law putting oversight on California oil refinery operations, Phillips 66 says it will shut down Los Angeles-area refinery
The announcement comes days after Democratic Gov. Gavin Newsom signed a law aimed at preventing gas prices from spiking at the pump. The law authorizes energy regulators to require refineries to maintain a certain level of fuel on hand. The goal is to avoid sudden increases in gas prices when refineries go offline for maintenance.
The refinery accounts for about 8% of California’s refining capacity, according to the state’s Energy Commission.
The refinery consists of two facilities that were built more than a century ago.https://apnews.com/article/california-refinery-oil-phillips-66-shut-down-bbea1826c0d5d472273f97ad86b870f8
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