California Fuel Supply At Risk | Here's Why
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California Fuel Supply At Risk | Here's Why
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California produces only 25% of the crude oil it consumes and has no pipelines bringing refined fuel into the state. When global fuel supply tightens, where does a state that depends on imports turn? In this episode, Jodie Muller, President and CEO of the Western States Petroleum Association, explains how California's shrinking refinery base and dependence on imported fuel affects what consumers pay at the pump and whether the state's fuel supply is as stable as it appears. Skip York, Energy and Oil Fellow at the Baker Institute, adds context on what global market pressures mean for a state already running on thin supply margins.
*Views expressed in this video are the opinions of the host and guests and do not necessarily reflect the views of California Insider.