California ‘at a breaking point’ lawmaker cries, as gas prices surge

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California’s fuel market is entering another period of strain as refinery capacity continues to shrink in the nation’s largest gasoline market. The planned closure of Valero’s Benicia refinery, one of the state’s remaining major facilities, is expected to tighten supply in a system that already operates with little margin for disruption.

FOX Business’ Jeff Flock joined Maria Bartiromo on “Mornings with Maria” to report on how the pending refinery shutdown is fueling concerns about higher gas prices, job losses and increased volatility across California’s fuel market.

That tightening supply has already translated into higher prices and growing uncertainty for drivers, according to California lawmakers, who warn the situation is no longer theoretical.

“California is truly at a breaking point. Refineries are closing, supply is diminishing, and my constituents are paying more at the pump every single day,” Republican state Sen. Suzette Martinez Valladares said.

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