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
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