California Public Resources Code

§ 25355

PRC § 25355 Effective Jun 26, 2023Div. 15 · Ch. 4.5

Statute text

(a)For purposes of this section, the following definitions apply:

(1)“Gross gasoline refining margin” means the difference, expressed in dollars per barrel, between the volume-weighted average price of wholesale gasoline sold by a refiner in the state and the average price of crude oil received by the refinery.

(2)“Net gasoline refining margin” means the gross gasoline refining margin minus the refinery’s operational costs.

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Legislative history

Amended by Stats. 2023, 1st Ex. Sess., Ch. 1, Sec. 4. (SB 2 1x) Effective June 26, 2023.