Look, California is a funny place in that They often complain about gasoline prices being too high, but at the same time, it's a regulatory environment that constricts supply. And so you have two conflicting issues there. And it is a very difficult regulatory environment to operate in. And is it possible that there could be of more refinery closures into the future? I would say yes. Now, can California sustain itself simply on imports? They simply don't have the infrastructure in place to do it. And wishing that everyone is going to snap their finger and not travel by internal combustion engine or not want to fly in planes or not deliver goods and services throughout the state through trucks, and other things is simply wishful thinking.

Aug 1, 2024 / CEO / receipt, needs a key / Matt Lucey, CEO | earnings call 2024-08-01 | transcript 71a8b28b-0023-4bd6-bb44-ba48edb16be9 | chars 21360-22106 | segment 22