California Regulator Seeks Pause on Newsom's Refiner Profit Limits

California regulator seeks pause on Newsom's refiner profit limits

California's energy regulator recommended a pause in implementing a refining margin cap with penalties for companies operating in the state, hoping to stop gasoline prices from surging.

Fuel Price Volatility Grips California Thanks to Refinery Closures and Policy Uncertainty - Mansfield Energy

California’s fuel market is entering a period of heightened volatility thanks to declining demand, shrinking refinery capacity, renewable fuel regulatory uncertainty, and sharp swings in daily wholesale rack prices. Once a self-reliant refining hub, the state now faces growing dependency on fuel imports, while policy headwinds and inconsistent federal incentives complicate the energy landscape. Fuel demand across California continues to decline …

Reuters - California should raise fuel imports, pause margin cap, regulator says

By Shariq Khan, REUTERS https://www.reuters.com/sustainability/boards-policy-regulation/california-should-support-fuel-imports-find-ways-retain-refiners-regulator-says-2025-06-27 NEW YORK, June 27 (Reuters) – California’s energy regulator on Friday recommended new rules to encourage more private investment in fuel imports and a pause on refiner profit limits, hoping to stop gasoline prices from skyrocketing in the state as it braces for the clos…