To those that think the U.S. won't be affected by the Saudi Arabia oil facility bombings: Saudi Arabia exports more than 7 million barrels of crude oil every day, much of that to Asia, but about 47% of what it sends to the United States goes to the West Coast.

For the 12 months ended in June, the U.S. West Coast imported an average of 11.40 million barrels every month of Saudi crude, much of it going to a number of refineries based in California, according to the U.S. Energy Information Administration.

Among the biggest buyers of Saudi Arabian crude are Chevron Corp's 245,000-barrel-per-day (bpd) refinery in Richmond, California, and the 269,000-bpd El Segundo refinery in California. The West Coast, known as oil region PADD 5, includes Washington State, which has also taken in barrels from Saudi Arabia in the last year.

Comments (7)
WRobbins36
WRobbins36

I can see why it would affect CA. The Nuts they have running their govt. They need to buy from the USA since we are supposed to be an exporter of oil and gas....

Sean Hyman
Sean Hyman

Editor

We both import and export. California doesn’t run the pipelines they need either.

WRobbins36
WRobbins36

Only 90 days of oil reserves.....wishing CA a miracle to keep the state running.

Bill17
Bill17

Sean is right about importing and exporting. Commodity prices are generally similar across the globe. The big cost efficiencies come from transporting commodities. For example it might be cheaper to transport crude to the US Gulf Coast from the Middle East by ocean than to move an equivalent amount by rail from the West Coast of the US. As for CA, I believe it has the highest taxes per gallon. Pushing almost $1/gal in taxes. $0.61 in State and $0.18 in Federal (standard). So they have a lever to lower prices if they want to use . Doubtful. Oil prices need to be about $70/bbl for a healthy global economy.