"Seventeen percent of California's refinery capacity is scheduled to close by mid-2026. Last week's explosion in El Segundo just knocked out our largest refinery. The state's attempt to nudge people into electric vehicles has stalled. Thanks to the California Air Resources Board, California can't import gasoline from other states. With all this, I'll bet that $7 a gallon gas is in our future."
"Oakland is facing a serious funding problem and is turning to a new tax increase to solve budget issues. The new city budget would require an increase in parcel taxes. The root of our underfunding problem is the fact that corporations are not paying their share in property taxes, forcing homeowners to take the burden. It is now more necessary than ever to reform Proposition 13 to support public schools and public services."
A major refinery explosion in El Segundo removed a significant source of California gasoline supply while 17 percent of statewide refinery capacity is slated to close by mid-2026. Constraints on importing gasoline and a stall in electric vehicle adoption compound supply risks and push prices upward, with predictions of $7-per-gallon fuel and a regressive impact on lower-income drivers. Public transit is adequate only in limited metro areas, leaving long commuter trips on congested roads. Oakland faces budget shortfalls and considers higher parcel taxes, with calls to reform Proposition 13 so corporations shoulder a fairer share and public services and schools receive adequate funding. A governor has threatened to cut university funding over alignment with proposed federal policies.
Read at www.mercurynews.com
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