DiscoverMarkets & Money Today | 2 Min News | The Daily News Now!Newsom's Fuel Import Hub Plan Faces Benicia Opposition
Newsom's Fuel Import Hub Plan Faces Benicia Opposition

Newsom's Fuel Import Hub Plan Faces Benicia Opposition

Update: 2025-12-05
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California Governor Gavin Newsom faces a challenge in preventing gas price spikes, as the Valero refinery in Benicia, set to close in April, could lead to a significant reduction in refinery capacity. The governors plan to use the site as a fuel storage hub is met with resistance from Benicias Mayor Steve Young, who prefers redevelopment for new industries, retail, or housing. The city is prepared to consider a ballot measure to tax gasoline imports if necessary. The situation poses a political challenge for Newsom, as earlier efforts to keep the refinery open failed, and the city faces a budget crisis due to the refinerys closure.

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Newsom's Fuel Import Hub Plan Faces Benicia Opposition

Newsom's Fuel Import Hub Plan Faces Benicia Opposition