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California's Shrinking Fuel Industry May Bring Pricier Gas

California's Shrinking Fuel Industry May Bring Pricier Gas

Bloomberg24-04-2025

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Valero's San Francisco-area oil refinery is shutting down, executives announced Thursday, and its Wilmington refinery in Los Angeles could be next. Toss in the planned closure of an LA-area Phillips 66 refinery, and California looks poised to lose almost a fifth of its crude-processing capacity.

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