California's regulatory posture was aimed at moving the state away from fossil fuels. It appears that this goal is now becoming a reality with, the closure of major refineries within the state. These closures are now sending shock waves through neighboring states that were dependent upon California refineries, threatening higher gas prices and supply disruptions.

In a dramatic escalation of U.S. foreign policy, President Donald Trump's administration has reshaped Venezuela's political and economic landscape in early 2026. Following a targeted military operation on January 3 that captured former President Nicolás Maduro, the U.S. has asserted direct influence over the country's governance, oil sector, and transitional processes.

California's energy landscape is undergoing a seismic shift, with hundreds of gas stations closing their doors and major refineries winding down operations. As of January 1, 2026, a decade-old state law mandating upgrades to underground gasoline storage tanks has forced approximately 473 to 500 independent stations statewide to cease operations, exacerbating an already strained fuel supply chain