The relatively low price of oil on the global market accounts for a large part of the relief, but Dave Hackett, president of Stillwater Associates, a transportation energy consulting company in Irvine, points to another reason specific to the Golden State — what he calls “the Torrance factor.”
“I think (California drivers) should be glad that ExxonMobil was finally able to get their refinery running again,” Hackett said.
The ExxonMobil refinery in Torrance went back into full operation Tuesday, a little more than a year after an explosion at the plant injured two people and prompted state regulators to fine the company more than a half-million dollars for safety violations.
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