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California Refineries Cut Gas Output 32k b/d, Prices Near $6

5/1/2026

22 5 Full Breakdown

Summary

Story summary

California refineries cut gasoline output by 32,000 b/d in April 2026 as prices neared $6/gal.
The closures of Valero’s 145,000 b/d Benicia refinery in April 2026 and Phillips 66’s 140,000 b/d Wilmington/Carson plant in November 2025 removed 17.5% of gasoline capacity.
April data showed diesel up 16,000 b/d, jet fuel up 20,000 b/d, jet fuel stocks down to 2.6 million barrels—the lowest since Nov 2023, gasoline at $5.96/gal and diesel at $7.48/gal.

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Story summary

California refineries cut gasoline output by 32,000 b/d in April 2026 as prices neared $6/gal.
The closures of Valero’s 145,000 b/d Benicia refinery in April 2026 and Phillips 66’s 140,000 b/d Wilmington/Carson plant in November 2025 removed 17.5% of gasoline capacity.
April data showed diesel up 16,000 b/d, jet fuel up 20,000 b/d, jet fuel stocks down to 2.6 million barrels—the lowest since Nov 2023, gasoline at $5.96/gal and diesel at $7.48/gal.