Oil Markets California’s battle against high gasoline prices
California gasoline prices are notoriously volatile, and state's lawmakers are taking notice. California's Senate is considering a bill proposed by Governor Gavin Newsom that would require state refiners to increase gasoline inventories and would also give the state additional control over refinery maintenance programs. How much does California's boutique blend play into the state's high gasoline prices? What is the plan for fuel storage in the state amid the energy transition? Will California become even more dependent on fuel imports as refining capacity continues to shrink?
Jeff Mower, director of Americas Oil news, discusses with refined products news editor Janet McGurty, refined products price editor Zoe Vastakis, and refining analyst Matthew Gordon.
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