Story perspectives

California Refineries Shrink Amid EV Boom and Demand Drop

9/15/2025

24 4

Summary

Story summary

California's refinery sector is shrinking due to falling gasoline demand, alongside regulatory pressures.
The closures of Phillips 66's Wilmington and Valero's Benicia refineries will affect 15% of the state's gasoline supply.
Gasoline consumption has decreased from over 15 billion gallons in 2015 to approximately 13.4 billion gallons in 2024.
The shift towards electric vehicles (EVs) is evident, with 25% of new car sales being electric.
California's Advanced Clean Cars II mandate targets 100% zero-emission vehicle sales by 2035, reflecting global energy trends.

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Story summary

California's refinery sector is shrinking due to falling gasoline demand, alongside regulatory pressures.
The closures of Phillips 66's Wilmington and Valero's Benicia refineries will affect 15% of the state's gasoline supply.
Gasoline consumption has decreased from over 15 billion gallons in 2015 to approximately 13.4 billion gallons in 2024.
The shift towards electric vehicles (EVs) is evident, with 25% of new car sales being electric.
California's Advanced Clean Cars II mandate targets 100% zero-emission vehicle sales by 2035, reflecting global energy trends.