
((Translation automated by Reuters, please consult the non-responsibility clause https://bit.ly/rtrsauto)) by Nicole Jao
Californian motorists pay higher prices for the pump than in any other state in the country due to supply problems, costs related to environmental compliance and fuel requirements, as well as high taxes and taxes, the US Energy Information Information Administration (Energy Information Administration) said on Monday.
In March, the costs of Californian environmental programs such as CAP-And-Trade and Low Carbon Fuel Standard added up to $ 0.54 per Gallon, according to the latest data.
Californian consumers also paid approximately $ 0.90 per gallon in taxes and fresh in March, the highest amount in the country, EIA said.
Why is it important?
California is the largest petrol market in the United States, but several fuel manufacturers have ceased their activities in less profitable facilities, invoking regulatory problems and market dynamics.
Six factories have closed since 2008, two of which have converted to the production of renewable fuels.
The state risks seeing the prices of petrol increase further, because the closings of refineries exert pressure on the supply of fuel and oblige the State to depend more on imports from countries such as India and South Korea.
The retail prices of ordinary petrol in the state often exceed the national average of more than one dollar per gallon, according to the EIA.
CONTEXT
In October, California Governor Gavin Newsom signed ABX2-1, a bill to prevent fuel shortages in the state, which gives regulators more control over the stock levels of refiners.
Shortly after, Phillips 66 PSX.N announced its intention to close its great oil refinery in the Los Angeles region in the fourth quarter of 2025.
Last month, Valero Energy VLO.N announced its intention to stop its activities in its oil refinery in the San Francisco region next year.