""With the long-term sustainability of our Los Angeles Refinery uncertain and affected by market dynamics, we are working with leading land development firms to evaluate the future use of our unique and strategically located properties near the Port of Los Angeles," Mark Lashier, chairman and CEO of Phillips 66, said at the time of announcing the closure."
""We understand this decision has an impact on our employees, contractors and the broader community," said Lashier."
The shutdown of the Phillips 66 refinery in Los Angeles has led to gas prices exceeding $8 per gallon, significantly impacting commuters. The closure, attributed to declining gasoline demand and regulatory challenges, has resulted in layoffs for approximately 600 employees and 300 contractors. The Los Angeles City Council is addressing job losses and exploring retraining options for displaced workers. Phillips 66 plans to continue supplying California through imports, but the refinery's closure has disrupted local fuel supply and employment.
Read at California Post
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