Oil

NEW -> Contingent Buyer Assistance Program
Just filled up at Costco and premium was 4.20. Regular was 3.84 so hopefully prices continue to go down
 
Thank you Mr, President…for trying👍🏽😂😂😂🇺🇸

Trump vows to drive down California’s sky-high gas prices to $2.50, blames Dems for tacking on enormous taxes​

The average cost of a gallon of gas in the US in January is $2.83 per gallon, but for California residents, it’s $4.23 a gallon – the second-highest in the nation behind only Hawaii, according to AAA. On Monday, regular gas was $4.99 a gallon at a Mobil in Los Angeles.
 
Thank you Boy King…we deserve to be punished as an example and in penance for the rest of the country who continue to enjoy low gas prices as they destroy Ghia…🤦🏽‍♂️👎🏽😂😂🦄🌈

California gas prices expected to soar as Valero shutdown worsens oil crisis


California’s already sky-high gas prices are expected to surge after Valero abruptly shuttered its Benicia refinery amid a spiraling “oil crisis,” a new report claims.

The Benicia refinery began shutting down on Saturday, four months earlier than planned, a former Valero manager told the California Globe Tuesday.

Thermal imaging showed the facility went cold as the Crimson Pipeline – which transports crude oil from Southern to Northern California – was also taken offline.

“We are in an unprecedented oil crisis,” oil expert Mike Ariza told the publication.

Valero Energy Corp. announced its plans last spring to pull the plug on its 145,000-barrel-per-day refinery by April, a move that is expected to send fuel prices skyrocketing and hobble the state’s refining capacity.

Refineries are fleeing the Golden State as regulations drive operating costs 26 to 37% higher than the national average. Chevron moved its operations from the Bay Area to Texas, while Phillips 66 powered down its 140,000-barrel-per-day Los Angeles refinery in October.

Ariza warned that as refineries go dark, more Californians will also skip town, noting that the oil and gas industry supports 536,770 jobs and pumps $338 billion into the state’s economy, the outlet reported.

He said Valero’s accelerated shutdown comes after the company scrapped its crude oil contracts back in October.

“Now, Valero is not even seeking to try and sell the refinery,” Ariza told the outlet in December.

“Even after the state tried to convince Valero to remain open, they elected to shut down. And instead of shutting down in April, they shutdown in January. All due to the state’s egregious regulations and unprecedented unjustified fines.”

https://nypost.com/2026/02/04/us-ne...refinery-early-as-gas-prices-poised-to-spike/
 
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