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You're listening to the John Cobel podcast on the IHeart Radio app.

All right.

This is the big story of the day.

And it's about the lateral energy closing its refinery up in Benicia in April of next year.

And that part was already announced.

Somehow it took a while before it sunk into Gavin Newsom's thick skull.

And he realized, oh, crap, if they close, and then there's another one closing in Wilmington

here that Phillips owns, we're losing anywhere from 17 to 21% of our gasoline supply.

You're going to see gas prices go up to eight bucks a gallon.

And the guy who is on this early is a guest we've had on frequently in recent weeks. And that's Michael Mishay,

the USC professor who has been analyzing oil and gas prices and keeps telling you that the reason

you pay $450 a gallon and it may go up to $8.00 over the next year and a half, it's entirely

self-inflicted by the California government. It's all the taxes.

It's all the regulations.

You know, they're selling gas in South Carolina for 270.

...