All articles tagged with #refinery closures
Europe faces an imminent jet-fuel crisis as Iran’s war and the Strait of Hormuz disruption cut Middle Eastern supply, while decades of refinery closures have reduced European output and increased import dependence; fuel prices have spiked and with limited alternatives and growing competition from Asia, airlines may cut capacity or raise fares (Lufthansa signaling fleet reductions).
Gas prices spiked nationwide in March, but California’s average is far higher due to a state-mandated, cleaner-burning fuel blend that costs more to produce and is not easily importable; combined with high taxes, the Cap-and-Invest/Low Carbon Fuel Standard, and a fuel-island market with refinery closures, these factors push California prices well above the national average (about $5.53/gal in mid-March vs roughly $3.79 nationally).
California's shift away from fossil fuels is leading to refinery closures and potential job losses for thousands of oil workers, with ongoing debates about how to support displaced workers amid changing policies and market dynamics.
California's oil industry faces significant decline with refinery closures impacting thousands of workers, amid ongoing debates over climate policies and economic support for displaced workers, highlighting the uncertain future for blue-collar jobs in the state.