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California Oil Refiners' Profit Margins Explode in April To $1.24 Per Gallon, says Consumer Watchdog

Markets PR Newswire By PR Newswire 17 Jun 2026 19:17 1 min read
California Oil Refiners' Profit Margins Explode in April To $1.24 Per Gallon, says Consumer Watchdog

SACRAMENTO, Calif., June 17, 2026 /PRNewswire/ -- California oil refiners reported gross profits margins of $1.24 per gallon in April based on new data released by the California Energy Commission (CEC) under SB 1322, legislation passed in 2022 by Senator Ben Allen. By contrast, oil...

SACRAMENTO, Calif., June 17, 2026 /PRNewswire/ -- California oil refiners reported gross profits margins of $1.24 per gallon in April based on new data released by the California Energy Commission (CEC) under SB 1322, legislation passed in 2022 by Senator Ben Allen. By contrast, oil...

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