California Bringing in Imported Fuel After Closing Local Refineries
Gasoline Imports Surge in California Amid Refinery Closures In November, California witnessed an unprecedented spike in gasoline imports, primarily driven by significant refinery shutdowns following years of stringent regulations enforced by state leaders, as reported by Bloomberg News. A staggering 40% of California’s gasoline imports originate from the Bahamas, with additional supplies coming from Asian […]
California faces a crisis as refineries shut down and gas prices rise.
California’s fuel market is entering a challenging phase as refinery capacity continues to decline, particularly with the upcoming shutdown of Valero’s Benicia refinery, which is one of the few major facilities still operational in the state. This closure is likely to exacerbate supply issues within an already strained system. During a recent segment on “Morning […]
Drone Attacks on Refineries Have Left Some Gas Stations Empty in Russia
Gas Supply Challenges in Russia Amid Ukrainian Drone Strikes Recent Ukrainian drone attacks on refineries and oil infrastructure have left some areas in Russia facing fuel shortages. Drivers are experiencing long waits at gas stations, while authorities have been forced to halt sales in certain regions. Wholesale prices for the A-95 gas in St. Petersburg […]
Indian Oil Refineries Halt Russian Buys as Trump Tariffs Approach
India Halts Purchases of Russian Oil Amid Pressure State-owned oil refineries in India reportedly stopped buying Russian oil last week following warnings from President Donald Trump and NATO Secretary-General Mark Latte. They cautioned that clients of Russian oil might face secondary sanctions aimed at supporting the war in Ukraine. Latte openly addressed leaders from India, […]
Israel Conducts Extensive Airstrikes Against Iran’s Leaders, Nuclear Facilities, and Refineries
Israeli Airstrikes Target Iran The Israeli Defense Force (IDF) carried out extensive airstrikes, focusing on Iranian leadership, military assets, nuclear sites, and refineries early in the morning. This operation—dubbed “Rising Operation Lion”—involved multiple waves, with the Israeli Air Force (IAF) executing hundreds of flights over distances previously considered challenging without mid-air refueling. To Iran’s surprise, […]
Newsom’s Battle Against Oil Refineries May Drive Gas Prices in California Above $6 Per Gallon — Or Even $9.
California Governor Gavin Newsom’s contentious stance toward the oil industry might result in local refineries shutting down. Analysts are cautioning that gasoline prices could soar to levels beyond $6 or even $9 per gallon. As reported by local ABC affiliate KABC-7: USC Professor Michael Michet indicated that the Phillips 66 refinery in Los Angeles might […]
Gavin Newsom Wants California Oil Refineries to Stay Open After ‘Demonizing’ Industry
Gov. Gavin Newsom (D-CA) has directed state officials to help oil refineries stay open in the state despite having “demonized” the industry for many years. Newsam Instructions State officials ensure reliable fuel supply for the country’s largest automotive market. The action comes just days after Ballero Energy said on Wednesday that it would permanently close […]
Gavin Newsom Begs Regulators To Keep Refineries In Biz After California Dems Ran Industry Out Of Town
Democrat Gov. Gavin Newsom is asking state regulators to try to keep the state’s oil refineries in state operations after Democrats spent years targeting the industry with aggressive regulations. Newsam I wrote it On Monday, California Energy Commission (CEC) vice-chairman Shivaganda will urge “reduble” to urge “reduble” to make efforts to keep fuel refiners in […]
Israel ‘Likely’ Will Strike Iran’s Nuclear Program or Oil Refineries, Expert Says
Middle East experts say it is “increasingly likely” that Israel will attack Iran's nuclear facilities and refineries following Iran's attack on the Jewish state. Exchanges between Israel and Iran have been ongoing for months, with the latest round in which Iran fired nearly 200 ballistic missiles at Israel on Tuesday, most of which were intercepted […]
Graham: Israel should threaten to ‘blow up’ Iran’s oil refineries if hostages don’t come home
Senator Lindsey Graham (R-Israel) has recommended that Israel threaten to “blow up” Iranian oil refineries if the remaining hostages held by Hamas in the October 7 terror attacks are not released immediately. Appearing on CNN’s “State of the Union,” Graham was asked to comment on reports that the Israeli military had preemptively destroyed thousands of […]