Company Plans To Speed Up The Clean Energy Sector Ahead Of Projections That California Gasoline Could Top $8 Per Gallon, As A Result Of 2 Local Refineries Scheduled To Close. (Phillips 66 & Valero)
California Also Recently Announced A $55 Million Dollar State Funded Incentives For The Installation Costs For Electric Vehicle (EV) Fast Chargers At Businesses And Public Sites Across The State
PASADENA, CA / ACCESS Newswire / September 4, 2025 / Green Rain Energy Holdings Inc. (OTC PINK:GREH) (“Green Rain” or the “Company”), a renewable energy development company, today announced that it is focused on rapidly acquiring a substantial sector of California’s Estimated 5 Year $50 Billion Dollar Next Clean Energy Wave as a result of numerous industry projections that have found California gasoline prices could rise to $8.44 per gallon by the end of 2026 after the pending closure of two refineries – one-fifth of the state’s refining capacity – and the onset of new state regulations.
These two latest refinery closures would reduce the total production in California faster than in-state consumption will plausibly decline. If that happened, and nothing else changed, the result would be a severe gasoline shortage and likely an unprecedented price increase.
