Rep. Fong Responds to Valero's Notice to the California Energy Commission Regarding its Benicia, California, Refinery
CENTRAL VALLEY, Calif. – Congressman Vince Fong (CA-20) issued the following statement in response to Valero Energy Corporation announcing today that its subsidiary, Valero Refining Company-California, has submitted notice to the California Energy Commission of its current intent to idle, restructure, or cease refining operations at Valero’s Benicia Refinery by the end of April 2026.
“The closure of Valero’s Bay Area refinery combined with other recent refinery exits will result in over 20% of the state’s refining capacity disappearing – the clearest example of Governor Newsom’s failed leadership,” said Rep. Fong. “This is a red-alert warning that Gavin Newsom’s energy policies are pushing the state toward a fuel crisis with Californians seeing higher prices and even potential gasoline shortages. Newsom’s energy policies of costly mandates and onerous regulations are driving refineries out of the state, making it impossible for needed energy producers to remain economically viable. California’s energy policy is at a breaking point as refineries and energy companies are closing not because the market is failing – but because they have been regulated into retreat for Newsom’s political ambition. The people who suffer most are everyday Californians. This isn’t just an energy issue – it’s an affordability issue, a jobs issue, and a reliability issue. Our transportation system, supply chains, and cost of living are all tied to a stable, affordable fuel supply. Newsom’s policies must be undone, or Californians will continue to bear the financial burden.”
Background:
Valero Energy Corporation (NYSE: VLO, “Valero”) announced today that its subsidiary, Valero Refining Company-California, has submitted notice to the California Energy Commission of its current intent to idle, restructure, or cease refining operations at Valero’s Benicia Refinery by the end of April 2026. Valero continues to evaluate strategic alternatives for its remaining operations in California. “We understand the impact that this may have on our employees, business partners, and community, and will continue to work with them through this period,” said Lane Riggs, Chairman, CEO and President of Valero.
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