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Podcast: The State of California
Episode: Valero's "cease of operations" draws concerns of economical impacts statewide
Description: A potential major blow to the city of Benicia, as Valero announces its intent to close down its major oil refinery there
The Texas-based company submitted a notice to the California Energy Commission that it plans to “idle, restructure or cease” its refining operations at the Benicia facility a year from now, in April 2026. Hundreds of people work at the refinery, which refines about nine percent of California’s crude oil. Its closure could have a significant economic impact on the surrounding area as well as on the price of gasoline at the pump.
For more, KCBS Radio news anchor Steve...