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California ‘truly at a breaking point,’ state senator says as refineries close and gas prices surge

On HALO

6 days ago

California's fuel market is entering another period of strain as refinery capacity continues to shrink in the nation's largest gasoline market. The planned closure of Valero's Benicia refinery, one of the state's remaining major facilities, is expected to tighten supply in a system that already operates with little margin for disruption.FOX Business' Jeff Flock joined Maria Bartiromo on "Mornings with Maria" to report on how the pending refinery shutdown is fueling concerns about higher gas prices, job losses and increased volatility across California's fuel market.That tightening supply has a...