Senate Bill X1-2 Implementation: Maximum Gross Gasoline Refining Margin and Penalty

This report constitutes staff recommendations to the California Energy Commission (CEC) to deprioritize the implementation of a maximum gross gasoline refining margin and penalty under Public Resources Code Section 25355.5.

The report evaluates the possible impacts of a maximum gross refining margin and penalty to the supply-demand balance in California’s transportation fuels market.