EXPENSIVE GAS FOR THE GOLDEN STATE

8 Nov 2019: California Refinery Outages Help Product Tankers

California has regularly been on the front pages of the newspapers in recent weeks with the forest fires that raged in several locations and with deliberate power outages meant to prevent additional fires. Much less prominent, there were some news reports of several tankers diverting gasoline cargoes, loaded in Europe, to California. Normally California imports only small volumes of gasoline and imports from Europe are infrequent, so we were wondering what is going on here.

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