California drivers are facing the prospect of the highest gasoline prices in U.S. history as major refinery closures threaten to significantly reduce in-state fuel production, according to analysis outlined in a narrated video examining the shutdown of key facilities.
The most immediate blow comes from Valero’s decision to close its Benicia refinery by April 2026, a move that carries a reported $1.1 billion write-off for the company.
Read Full Article: https://www.rvmnews.com/2025/12/valero-burns-a-billion-dollars-to-escape-newsoms-california-drivers-will-pay-at-the-pump-watch/
