Fuel Markets

  • California fuel markets are tightly balanced, meaning the supply of fuels from California refineries is roughly the same as the demand for those fuels
  • California is a fuel island. Refineries here are not connected to other refining centers in the US by pipelines as they are in other regions of the country
  • California’s 14 fuel refineries receive 38 percent of their crude oil from California, 12 percent from Alaska and 50 percent from foreign sources
  • The cost of crude oil is the largest component in the cost of gasoline and all crude oil produced in California is used in California refineries