Valero Plans to Close Northern California Oil Refinery

The closure would leave the state’s gas-guzzling motorists with seven refineries, which could lead to higher gasoline prices, an industry expert says.

A customer prepares to fill up at a Valero station in Mill Valley, Calif., on July 12, 2021. Justin Sullivan/Getty Images

Another California oil refinery will close next year, raising the possibility of further pressure on gasoline supplies and higher prices for motorists.

Texas-based Valero Energy Corp. stated on April 16 that it had submitted a notice to the California Energy Commission of its intent to idle, restructure, or cease operations at its Benicia Refinery in Northern California by the end of April 2026.