California law, refinery exit reflect ongoing fuel market challenges, EIA says

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Oil company Gunvor wants to stop the entire production of motor fuels in Europoort. The company has decided to keep only the tanker park, it announced on Tuesday afternoon.

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California law, refinery exit reflect ongoing fuel market challenges, EIA says

By Nicole Jao NEW YORK (Reuters) – Fuelmakers in California could face more headwinds next year as new legislation takes effect and refining margins remain weak, the U.S. Energy Information Administration (EIA) said on Monday. WHY IT IS IMPORTANT California, the most populous U.S. state, consistently faces some of the nation’s highest average gasoline prices, leading to an often tense relationship between the state and oil companies. The sta…

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Challenges Mount in California’s Fuel Market

California’s fuel market, where gasoline prices have been consistently higher than the national U.S. average, has seen multiplying challenges in recent years, which resulted in new state legislation and an announcement of a refinery closure in October, the Energy Information Administration (EIA) said in an analysis on Monday. As of December 9, the average U.S. retail price for a gallon of regular gasoline was $3.018, according to AAA data. Retai…

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California law and refinery closure reflect ongoing challenges for the state’s fuel market

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