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Newsom Plays Politics on Pump Prices, Oil Refiner Says (1)

Nov. 23, 2022, 9:36 PM

Refiner PBF Energy Inc. has rejected a request from California energy regulators to testify at a hearing next week on gasoline price spikes, citing Governor Gavin Newsom’s “politicization of this issue” and failure to heed a year of warnings about the state’s fuel supply.

In a letter to Newsom, the refiner said it would provide only written comments to the California Energy Commission, in light of the governor’s approach to the issue and what the company called “misleading information” about its third-quarter earnings. “Refining is an extremely capital-intensive business,” PBF said, and “California’s regulatory environment is putting future investment ...