Why California’s rising gas prices are a threat to national security

Ana Maria Rus

Chevron, the energy company that began  relocating  its headquarters from the Bay Area to Texas in 2024, wrote  a letter  Tuesday to Gavin Newsom’s office warning about the proposed changes to the state’s  Cap-and-Invest  regulations. The industry giant warned that if enacted, the new regulations will “ cripple the survivability of the state’s remaining refineries.” Chevron further predicted that “the price of gasoline will increase by more than a dollar a gallon by 2030 as a result of this