California Gas. The Energy Report 10/03/2025

Well, the East Coast gas is cheap; As most imports are right there; And the Southern gas with the way they pump they are so cheap when I’m down there.

The Midwest Farmers use the corn; To make the drive real nice.  And the Northern gas with the way they crack: They keep the people warm at night.

I wish they all could be California; I wish they all could be California wish they all could be California gas.

The West Coast has the sunshine; but gas cars they want to ban: They want the Tesla drivers with the wild island girls and the solar panels in the sand.

I’ve been all around this great big world; And I’ve seen all kinds of gas; Yeah, but I couldn’t wait to get out of that State. With craziest laws in the land.  I wish they all could be California gas.

Good morning California! Get ready for another gasoline price spike as Governor Newsome must bend over and plead and beg to try to get US refiners from shutting down. Just after Governor signed a bill that admits his energy policies have failed California  we had a major fire and explosion occurred at Chevron’s El Segundo refinery late on yesterday with flames and smoke visible across the area.

Crews are working to contain the blaze, which has raised air quality concerns in South Bay. No injuries have been reported, but the incident may impact California drivers already facing regulatory challenges.

The refinery, a key fuel supplier for the West Coast, processes crude oil into jet fuel and gasoline. other petroleum products. The facility employs more than 1,000 Chevron employees and another 1,000 contractors work at the site daily, underscoring its role as a major employer in the South Bay Area according to Fox New.

Oil and Gas pointed in mid-September; California lawmakers approved a package of six energy and climate bills. One bill permits Kern County to issue up to 2,000 new drilling permits annually for the next decade without additional environmental review.

State officials expressed concerns that higher energy costs and recent refinery closures could impact public support for California’s climate and environmental programs.

“It’s ironic that as Gov. Newsom is mocking Trump on social media, he’s led the state’s oil drilling policies to mirror those of the Trump administration,” said Kretzmann. “California’s backsliding at the behest of Big Oil is inexcusable. Sacramento fell prey to Big Oil this session.”

Two California refineries, responsible for 17% of the state’s gasoline production, are set to close next year. Gas prices in California are currently about $4.60 per gallon, nearly 50% higher than the national average. Experts predict the state will rely on imports from Asia if other refineries shut down.   State leaders are considering giving hundreds of millions of dollars to Valero Energy Corp. to prevent the shutdown of its Benicia refinery in the San Francisco Bay Area, which processes 145,000 barrels of oil per day. Slated to shutter by April 2026, the bailout would provide funds to address rising maintenance costs that refinery operators cite as a reason for the planned closure.

Gov. Gavin Newsom already delayed a controversial oil refinery profit cap earlier this year, responding to a demand high on oil companies’ wish lists, after Valero and the Phillips 66 Carson refinery in Los Angeles both announced shutdown plans. Newsom also urged the California Energy Commission to “redouble” efforts to collaborate with refiners, ensuring they have the support needed to maintain operations.

And the impact on oil prices overnight showed a increase in price oil prices are struggling to hold the lower end of the trading range and stay above 60 a number they have not been below since April

Natural gas prices remain strong heading into the weekend after a bullish EIA report yesterday. EIA reported that working gas in storage was 3,561 Bcf as of Friday, September 26, 2025, according to EIA estimates. This represents a net increase of 53 Bcf from the previous week. Stocks were 21 Bcf higher than last year at this time and 171 Bcf above the five-year average of 3,390 Bcf. At 3,561 Bcf, total working gas is within the five-year historical range.

Stay tuned to the Fox Business Network invested in you make sure you download the fox weather app and make sure you open your account by calling me today at 888-264-5665 or e-mail me pflynn@pricegroup.com.