All articles tagged with #refinery shutdowns
Ukrainian drone strikes have significantly damaged Russian oil refineries in the Far East, causing fuel shortages, long lines at gas stations, and record-high gasoline prices, with the crisis exacerbated by seasonal demand and logistical delays.
California's gas tax increased by 1.6 cents per gallon starting July 1, as part of the annual inflation adjustment under SB 1, raising concerns about higher fuel costs amid ongoing refinery closures and regulatory changes like the updated Low Carbon Fuel Standard, which could further influence gas prices. Despite political debates and industry challenges, current prices remain high but stable, with future increases possible due to policy and market factors.