Enter a list of keywords and press Enter to submit your search query.
Filters
refinery with american flag

Why California’s refinery inventory mandate is a bad idea

We get it. If supply and demand are what determine gasoline prices, you would think mandatory storage of even more gasoline in California might help to keep prices lower for consumers. But it’s not that simple. In fact, mandating that refiners keep significant volumes of gasoline in inventory ALL THE TIME is a recipe to raise everyday fuel costs in the California market and potentially reduce supplies of fuel available to Arizona and Nevada. And what’s worse, there’s no evidence that having more fuel in inventory would stop the occurrence of price jumps.
AM24

Illegal refinery mandate a sure way to increase California fuel costs

WASHINGTON, D.C. — Chet Thompson, President and CEO of the American Fuel & Petrochemical Manufacturers (AFPM), issued the following statement on California Senate Bill 950, legislation which authorizes the California Energy Commission (CEC) to impose a new mandate on state fuel refiners.
Joel Lack photo

Joel Lack

Sr Engineer – Process Chemicals
Baker Hughes