“The state recognizes that they’re on a pathway to more refinery closures,” said Skip York, chief energy strategist at energy consultant Turner Mason & Co. The risk to consumers and the state’s economy, he said, is gasoline supply disappearing faster than consumer demand, resulting in fuel shortages, higher prices and severe logistical challenges.
A better question to ask is why would California let the current Federal government take over the local oil refineries? It would be foolish after seeing the feds flush billions of gallons of water reserves over spite and ignorance.