5.27 for gas in calif. You want renewable, we will give you renewable at the expense of gasoline
Tom Kloza, global head of energy analysis at OPIS, points to refinery challenges as the main culprit for California's surging prices, including an important Phillips 66 refiner in the Bay Area halting gasoline production in favor of renewable diesel.
“Throw in regularly scheduled maintenance that will occur at two critical refineries in May and the normal penchant for speculative buying in global markets in the second quarter, and you have wholesale prices that have gone ballistic,” he said.
The politicians will be whining any day now
