Business
PBF Martinez Refinery Is Still Down, Driving $6 Per Gallon Gas -- Resupply and Minimum Inventory Rules Needed To Stop Gas Price Spikes, Says Consumer Watchdog
In its recent investor call, PBF acknowledged that its Martinez refinery is still not up and running, but the company is getting paid from a billion-dollar business interruption policy.
About this update from Pbf Energy Inc.
[{"type":"text","content":"LOS ANGELES, May 1, 2026 /PRNewswire/ -- In its recent investor call, PBF acknowledged that its Martinez refinery is still not up and running, but the company is getting paid from a billion-dollar business interruption policy.","length":236,"tagName":"p"},{"type":"image","alt":"Consumer Watchdog Logo (PRNewsfoto/Consumer Watchdog)","displaySize":"","headline":null,"caption":"Consumer Watchdog Logo (PRNewsfoto/Consumer Watchdog)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":133,"url":"https://media.zenfs.com/en/prnewswire.com/c4ad563364f235a2315e48f9bf8a0f3f"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/FxxTS51lObgOZ0IN4ztgUQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTIzNA--/https://media.zenfs.com/en/prnewswire.com/c4ad563364f235a2315e48f9bf8a0f3f","width":400,"height":133}},"href":"https://mma.prnewswire.com/media/804328/consumer_watchdog_logo_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Meanwhile, AAA reports that Californians are paying more than $6 per gallon for gasoline and Northern California drivers have been paying two dollars per gallon more for their gasoline because there is only one functional refinery in the Bay Area.","length":247,"tagName":"p"},{"type":"text","content":"Consumer Watchdog said the blame rests with California regulators that failed to write regulations requiring refiners to have adequate supplies on hand when their refineries go down.","length":182,"tagName":"p"},{"type":"text","content":""It's déjà vu all over again from the 2022 gas price spikes, only this time the state did not learn its lesson and take the legislatively-mandated steps to protect Californians," said Jamie Court, President of Consumer Watchdog. "$6 per gallon gas is on Newsom, not Trump. Will the legislature hold the Newsom Administration accountable in Assembly hearings next week or will there be a white wash of the Administration's inaction?"","length":460,"tagName":"p"},{"type":"text","content":"Rules for resupply required under 2023 special session legislation, SBx1-2, would have made PBF have resupply arrangements to backfill the lost production, but they were never completed by the California Energy Commission (CEC). Similarly, rules for minimum inventory requirements, under 2024's ABX2-1, would have helped b...