Chevron Warns California Risks Fuel Crisis Unless War Eases

[Stay on top of transportation news: Get TTNews in your inbox. ] 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. California, the most populous state, is highly exposed to the disruption rippling across commodity markets because it imports about 20% of its refined fuels from Asia.