"California's Risky Climate and Gasoline Game, According to Chevron"

Chevron warns that California's climate policies are risking gasoline price spikes and shortages, attributing the state's high gasoline prices to its tough low-carbon fuel standards that encourage refineries to convert to renewable diesel. The company's relationship with California has become increasingly adversarial, with Governor Gavin Newsom accusing Big Oil of price gouging and lying about climate change, leading to investigations and lawsuits. Chevron argues that it should not be punished for meeting consumer demand for transportation fuels, and expresses concerns about a proposal to establish a maximum refining margin in California, which would make it challenging to justify growth projects at its refineries in the state.