Chevron Corp. is warning that California is careening toward an energy crisis because of the Iran war and that the company may quit refining oil in the state unless officials roll back taxes and regulations.

Chevron Corporation CVX, one of the world’s leading energy companies, has issued a stark warning: California is teetering on the edge of an energy crisis, fueled by global conflicts and domestic policy challenges,

Drivers in the golden state currently pay an average $5.66 for a gallon of gasoline, about a dollar below the all time high set in 2022.

California’s petroleum watchdog says it’s on the lookout for potential price gouging as gas prices keep climbing in the wake of the war in Iran. The Division of Petroleum Market Oversight, an independent arm of the California Energy Commission,

A plan to strengthen California's climate program faces pushback as industry groups and some lawmakers warn the changes could drive up already-high energy costs.

California’s average gas price is still climbing four weeks after the U.S. and Israel launched a series of attacks on Iran, soaring to $5.79 per gallon on Monday — a more than $1 increase since last month — amid restrictions on oil shipments through the Strait of Hormuz.

ANKARA, TURKIYE - MARCH 3: An infographic titled "Distribution of oil transported through the Strait of Hormuz" created in Ankara, Turkiye on March 3, 2026. (Photo by Elif Acar/Anadolu via Getty Images) The United States produces more crude oil than any ...

Gov. Gavin Newsom made standing up the regional energy market a centerpiece of his policy agenda last year. A new regional organization that California leaders hope will eventually oversee a West-wide electricity market is taking its first steps toward ...