On Monday, The Western Journal posted an article about gasoline prices in California.
The article reports:
California is having to rely on gasoline shipped in from the Bahamas as more refineries close in the state due to its strict environmental policies.
And the restricted in-state refining capacity is causing gas prices to surge.
The current average for regular gasoline is $4.59, up from $4.21 last month, according to the American Automobile Association.
The New York Post reported, “Valero’s Benicia refinery — a key Northern California supplier — is in the process of sunsetting operations. The move follows other major pullbacks, including the closure of Phillips 66’s Los Angeles refinery, steadily reducing California’s ability to produce its own gasoline, and driving up costs at the pump.”
“California sucked in more gasoline imports last November than at any point in its history — and a staggering 40%-plus of it came from the Bahamas — all that means more cost at the pump for drivers,” the news outlet added.
Cal Matters reported in September that in 1982, California, which has rich oil reserves, imported about 6 percent of its needs from foreign sources. As of last fall, the percentage had climbed to 64 percent.
The article concludes:
Michael Mische, an associate professor at the University of Southern California’s Marshall School of Business, wrote in the Cal Matters piece that “the Legislature should consider the repeal of regulations limiting production and pipeline use in more counties, assess the powers of agency bureaucrats who force higher prices on the backs of Californians, and a new regulatory strategy that will provide a more hospitable business environment for refiners and producers.”
Businesses are already leaving California. If the state continues in its current direction, more businesses and more people will leave. Our Founding Fathers envisioned a country where each state would act as a laboratory for policy. The states that created successful policies would have those policies copied by other states so that every state would be successful. Unfortunately, politics has become so toxic that successful policies from red states are not being copied in blue states simply because they are from red states. I believe we will see California go bankrupt in the near future.



