Refinery Closures Increase California’s Reliance on Fuel Imports

Key Takeaways 1 California is now importing 20% of its gasoline from Asian refineries as it continues to close refineries in the most populous state. 2 In just seven months, California has lost about 17% of its refining capacity with the closure of two refineries, and product imports are up 38% this year. 3 Gasoline prices are about $1.60 per gallon higher than the national average because of state taxes, fees, and other penalties, but the situation could get worse, as Asia is particularly dependent on Middle East oil, which is sidelined due to the Iranian conflict. 4 A domestic...