High California gas prices and accusations of price gouging play into Gov. Gavin Newsom's plan to cap oil refinery profits in California.
and prices were nearly as high elsewhere in Southern California, drivers across the nation were filling up on average for $3.79, a painful price difference of $2.70 per gallon. And with that, the governor had had enough.
One thing both sides can probably agree on: A ban on the sale of new gasoline-powered vehicles set to go into effect in 2035 will probably lead toHere are four charts to help you understand what’s at issue.There’s lots of debate and heated rhetoric over California’s high gas prices, but there are a handful of factors most agree at least contribute to the problem.California is a high tax state, and that extends to the excise tax slapped on a gallon of gas.
But those two costs are consistent and don’t produce the infuriating spikes that the oil industry typically blames on refinery downtime due to either maintenance or repairs — but which critics allege are pretexts for raising prices.
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