REFINERY FILES: The Hidden Profit in CARB Credits California Low Carbon Fuel Standard credits trade over $200 per metric ton. Chevron Richmond conversion generates estimated $100M annually in CARB credits versus 10-20¢ per gallon gasoline margins. Refineries convert because credits are pure profit paid by state programs and higher fuel costs. California taxpayers fund credits while losing gasoline production. From gas price frustration to national security, this affects us all. California gas pr
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