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Story summary
- The U.S. received 2 million barrels of crude from New Corolla at Long Beach after Strait closure.
- California must replace oil lost from the Middle East, which provides 30% of its imports.
- Gasoline prices have risen above $6 per gallon, prompting the California Energy Commission to expect supplies through May and higher imports in June.
- Kate Gordon of California Forward says reducing demand via electric-vehicle adoption lowers exposure to oil-price volatility.
