#refinery-closure

#refinery-closure

The closure could cut hundreds of jobs and is expected to bruise the tax base of Benicia, a community anchored by the refinery that has also endured toxic pollution. But the company may replace its gas output with imports by ship, buffering California's fuel supply from potential shortages and price hikes, according to Newsom's office. It's unclear how much gasoline Valero plans to import, and the company has so far offered few answers.

Benicia's City Manager Mario Giuliani emphasizes the urgency of finding solutions to the impending closure of Valero Refining Company, warning of significant revenue losses. With a projected $10 million loss on a $16 million budget, the city is preparing for a seismic shift as it communicates and implements action plans.