Gov. Newsom Addresses Chevron Refinery Fire and Gas Price Concerns

Chevron Refinery Fire and Gas Prices

• ⛽ Chevron refinery fire in Southern California occurred late last night, with impacts on the spot market being assessed.
• 📈 The longer-term effects of the fire on gas prices are still being determined and information is forthcoming.
• 🌍 Newsom noted that refineries globally, not just in California, are facing challenging times, making gas prices a sensitive issue.

Legislative Actions and Supply Security

• 👏 Newsom applauded the legislature for signing bills a week prior aimed at addressing supply, security, and affordability of fuel.
• 🛠️ He highlighted ongoing work at the Valero refinery, involving a task force led by CA, to develop a strategy for addressing concerns.

Winter Blend and Fuel Mix

• ❄️ Recommendations for switching to the winter blend of gas are made annually around October/November by experts like the California Air Resources Board (CARB).
• 📊 Decisions on the winter blend are made on an annual basis, with swift action taken in recent years.
• 🔗 Legislation was also signed regarding ethanol to address the fuel mix, aiming to impact price and affordability.