Jamie Court says it shouldn't have an impact. The new law we just passed for refineries doing business in the state requires them to have a plan with having a resupply so it should not have any impact on the price consumers pay at the pump.
Governor Newsom just signed a new bill into law which would mandate refiners to hold a certain amount of extra product in case things went off-line and Phillips saying it has nothing to do with that.
According to documents obtained by seven on your side investigates and Consumer Watchdog the San Francisco environment department, which oversees the bottle bank program, budgeted more than $1.4 million last year, and the money projected for this year, roughly 841,000, has nearly run out.
The new law requires oil refineries to have to keep a minimum inventory of fuel to avoid shortages, and authorizes the california energy commission to require refineries to have a plan when they have maintenance outages and to have a backfill of supply. The hope is with a constant minimum of gas and storage at all times, when refineries go offline, there would be enough gas to avoid price spikes.
