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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.

Jamie Court says this law is a common sense approach that chevron doesn't like this because it will lower prices and lower their profits.

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.

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https://www.youtube.com/watch?v=gwVwBOOOF6E Jamie Court says there there's no question in 2022 to 2023, oil company profits were higher than they've been in the last 20 years,...