Petroleum market experts criticized California Gov. Gavin Newsom for his recent move to punish oil companies for high profits, saying he was misinformed about economics.
, but is far more expensive for refiners to produce and consumers to purchase.
Storage tanks are seen at Marathon Petroleum's Los Angeles Refinery, which processes domestic and imported crude oil into California Air Resources Board gasoline, diesel fuel and other petroleum products in Carson, California, on March 11.
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