October 18, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Opponents of California Gov. Gavin Newsom doubled down on their criticism of his energy policies amid concerns of runaway fuel prices after legislation on gas storage and a decision from Phillips 66 (NYSE:PSX) (Houston, Texas) to shutter its Los Angeles refinery.

Citing "market dynamics" and questions about the long-term future of its refinery, Phillips 66 said Wednesday it would shutter operations at its Los Angeles refinery by the fourth quarter of next year.