News Review – 10/23/24
California Governor Signs Law Imposing Refinery Minimum Supply Requirements Last week California Governor Newsom signed ABX2-1 that will require refiners to maintain a to-be-determined volume of various fuel types and blend components to prevent price increases due to refinery outages. The California Energy Commission (CEC) will set the volumes through rulemaking and CEC will have authority to review refiner resupply plans before maintenance outages. APMA opposed the bill, raising concerns … Read More