Phillips 66 announced Wednesday it will close its 650-acre oil refinery complex near the port of Los Angeles by the fourth quarter of 2025, days after Gov. Gavin Newsom (D) signed a new law regulating gas storage and refineries. The refinery in Wilmington, together with a complex in Carson five miles away, produces up to 85 million barrels per day (MBD) of gasoline and 65 MBD of distillates, such as diesel. “Phillips 66 remains committed to serving California and will continue to take the necessary steps to meet our commercial and customer demands,” said Mark Lashier, chairman and chief executive of Phillips 66, according to the Los Angeles Times. “We understand this decision h
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