Opinion: Who’s to blame for California’s high gas prices?
and called a special legislative session to impose a new tax on their profits.
Newsom is only the latest governor to promise a crackdown on oil companies when pump prices spike. Over the years, there have been numerous investigations into why California’s prices are markedly higher than those of other states, but there’s never been any conclusive proof of collusion. More recently, California has seen decreasing refining capacity due to the state’s commitment to eliminating gasoline-powered cars and trucks and shifting to “zero emission” vehicles powered by batteries or hydrogen.
“California policy makers have knowingly adopted policies with the expressed intent of eliminating the refinery sector,” Valero vice president Scott Folwarkow told the state Energy Commission in a letter. “California requires refiners to pay very high carbon cap and trade fees and burdened gasoline with cost of the low carbon fuel standards. With the backdrop of these policies, not surprisingly, California has seen refineries completely close or shut down major units.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
L.A. Times: California Policymakers Have Failed for Decades on Gas PricesThe left-wing Los Angeles Times has published an unusually candid analysis: that California’s policymakers, given ample warnings about the state’s vulnerability to high gas prices, have failed to do anything to address the basic problems that cause them.
Read more »
Gas prices keep falling in Los Angeles and California — and they could continue to dropGasoline prices in the Los Angeles area and across California continued to fall Tuesday, after reaching record highs in many regions last week amid refinery outages across the state.
Read more »
New Zealand to price agricultural long-lived gases, methane separatelyThe New Zealand government on Tuesday confirmed it plans to price agricultural long-lived gases and biogenic methane separately when agricultural emissions are priced from 2025.
Read more »
Upset About High Gas Prices? Ro Khanna Says 'Blame Big Oil'In a pair of videos, the progressive congressman from California says U.S. leaders must \u0022end fossil fuel subsidies and put an excess profits tax on the wealthiest oil and gas corporations.\u0022
Read more »
'There's just not enough water': California drought hits grocery storesCalifornia's drought and high summer temperatures are making it difficult to grow tomatoes in the Golden State. As a result, grocery prices — already at record highs — could climb even more.
Read more »
Khanna and Blumenthal Propose Bill to Cut All Weapons Sales to Saudi ArabiaThe two Democrats proposed the bill after OPEC's decision to slash oil production, which aims to keep gas prices up.
Read more »