"Not only are gas prices going up, but the real serious issue right now in California is supply. We were inside of the Chevron refinery here in El Segundo, California, just over my shoulder here. And what they're dealing with is a lack of access. This refinery is crucial to California. It's the biggest Chevron refinery on the west coast, and they're having some serious problems. Take a look."
"For decades, tankers made their way between the Middle East and California's coast. But as of this week, no more are coming. Chevron El Segundo refinery director Bryon Stock said he's never seen anything like the current supply situation in his nearly-30 year career. It made me pause. I think it gave me pause for a moment because that's a significant milestone that I've not seen or faced in my 27 year career, he said."
"California imports roughly 60% of its crude oil from overseas, 20% of that coming from the Middle East. The state's geography prevents it from using pipelines that other states use, and further complicating things is the Jones Act, a law that requires ships moving oil between U.S. ports to be American-owned, crewed, and built. There is a current waiver on the law from the Trump administration."
Gas prices in California average $6.16, nearly $2 above the national average, while the main problem is limited supply. A Chevron refinery in El Segundo is described as crucial to California and experiencing serious access issues. Tanker shipments from the Middle East to California’s coast have stopped, and a refinery director says he has never seen anything like the current supply situation in decades. California imports about 60% of its crude oil from overseas, with 20% coming from the Middle East. The state’s geography limits pipeline options, and the Jones Act requires American-owned, crewed, and built ships for oil moved between U.S. ports, with a current waiver from the Trump administration.
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