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California wants to combat pumping peaks by demanding gas reserves


California wants to combat pumping peaks by demanding gas reserves

By Timothy Gardner (Reuters) – California Governor Gavin Newsom on Thursday proposed a plan that would require oil refineries to maintain minimum reserves of gasoline to prevent price spikes. According to the California Energy Commission, California refineries had less than 15 days’ worth of gasoline on 63 days last year. This situation led to a […]