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Stock impact report

Petroleum refinery based in Ohio sends doomsday letter to California's Gov. Gavin Newsom [Yahoo! Finance]

Marathon Petroleum Corporation (MPC) 
Last marathon petroleum corporation earnings: 1/29 06:30 am Check Earnings Report
US:NYSE Investor Relations: ir.marathonpetroleum.com
Company Research Source: Yahoo! Finance
Los Angeles oil refinery, Image 2 shows A Chevron gas station sign in Los Angeles displays high gas prices, with regular at $8.31 and diesel at $8.39, against a dark evening sky, Image 3 shows California Governor Gavin Newsom speaking at the Munich Security Conference Marathon Petroleum Corporation sent an urgent letter to California Gov. Gavin Newsom, warning him of the consequences of backing the Cap-and-Invest program , adding it was “deeply concerned.” “California refineries are already among the most expensive refineries to operate in the world ,” the letter reads, next referring to the California Air Resources Board, or CARB. “CARB's proposal would further widen the cost disparity, forcing refineries to reconsider whether operations in California remain viable.” The letter from Marathon Petroleum warned Gov. Gavin Newsom of the consequences if the gas regulations pass. Getty Images It comes as gas prices spiked again overnight by nine cents, meaning on average it costs Show less Read more
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