California Energy Commission Proposes State Takeover Of Oil Refineries

The state obviously does not understand that if you can’t make any money you’ll have to curtail production, and you won’t be able to produce a product – or you’ll have to sell the product elsewhere. -By Katy Grimes

...But the study had other interesting conclusions:
Like most product prices, gasoline prices should ideally obey the laws of supply and demand.

• However, supply dynamics in California’s transportation fuels market differ from many other markets in the United States...

For example, in the last two years (2022 and 2023), California had two gasoline price spikes in September and October.

“Spikes were not seen in regions outside of the western part of the United States.”...