Posts Tagged: refiners

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Refiners’ profits spur scrutiny from special legislative session

An oil drilling rig off the coast of California. (Photo: Joe Belanger, via Shutterstock)

Several major firms that refine crude oil into gas in California have been doing well lately, a contrast to consumers facing gas price hikes. Against this backdrop, Gov. Newsom has called for a special legislative session in December focused on capping windfall profits (like PBF and Valero’s recently) and a price-gouging rebate for consumers.

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