![](https://d32r1sh890xpii.cloudfront.net/article/718x300/2024-07-11_agaftoclwu.jpg)
California Refiners See Margins Shrink Despite Capacity Decline
Oil refiners in California saw lower-than-average margins in the past few months in an unusual twist where lower operating capacity did not automatically lead to higher margins. According to new data from the Energy Information Administration, the …