- Oct 10, 2020
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As more and more oil refineries have gone offline in recent years — there are 14 now compared with almost 50 a few decades ago — California becomes precariously reliant on the few still operating, given the state's more stringent gasoline requirements compared with the rest of the U.S., said Severin Borenstein, the director of UC Berkeley's Energy Institute at the Haas School of Business.
"The reality is that as we phase out gasoline, we're going to have fewer and fewer California refineries that make this blend," Borenstein said. "And that's going to make us more and more vulnerable to any one refinery, if they go out unexpectedly, to see a big price shock."
Record gas prices, electricity woes show California's worsening energy vulnerabilities
"The reality is that as we phase out gasoline, we're going to have fewer and fewer California refineries that make this blend," Borenstein said. "And that's going to make us more and more vulnerable to any one refinery, if they go out unexpectedly, to see a big price shock."
Record gas prices, electricity woes show California's worsening energy vulnerabilities
