Posted on 02/07/2023 10:58:14 AM PST by lowbridge
California Gov. Gavin Newsom Monday demanded a federal investigation into rising natural gas prices in western states, after many families across the state saw their gas bills double — or more — in the month of January.
In a letter to the Federal Energy Regulatory Commission, the group responsible for regulating wholesale natural gas, Newsom asked the agency to "focus its investigatory resources on assessing whether market manipulation, anticompetitive behavior, or other anomalous activities are driving these ongoing elevated prices in the western gas markets."
Many SoCalGas customers saw a massive bill in January, in many cases double the previous year. That's because, the company said, of increasing wholesale prices for natural gas. Increased prices for wholesale gas are then passed on to consumers in their monthly utility bills. According to the U.S. Energy Information Administration, this year's price spike was caused by a number of things. Colder than normal temperatures led to an increase in demand, which was exacerbated the administration said, by low natural gas storage levels on the West Coast.
In Long Beach for instance, the situation was so bad that the City Council held an emergency meeting last week to help set up a fund to help senior citizens pay their skyrocketing bills.
"California's residential customers are, consequentially, suffering the economic burden of extreme and unexpectedly high gas and electric utility bills," Newsom wrote in his letter.
The wholesale price of natural gas has dropped since last month. SoCalGas has already announced that February bills are expected to drop by nearly 70%, but the prices will still be higher than this time last year.
(Excerpt) Read more at foxla.com ...
Look into Biden and your stopping fracking and drilling first.
Demand can’t possibly be going up in CA, no one there has gas stoves
Burning natural gas bad
High price which lead to burning less natural gas is bad.
How stupid can he be. No new power plants, Keystone shutdown. Regulatory restrictions that HE endorsed.
Should I go on?
and the solution is....even more expensive electric usage
The “investigation” won’t find Brandon’s EO’s that make it harder to drill for natural gas, which lowers supply and increases price.
.
Maybe he should look in the mirror to find the answer.
😂😂😂😂😂. 🖕
Attention Ass Clown 1. You have mandated electrical only going forward in CA.
Gavin, you need to untangle that Venus Fly Trap of a ‘Reparations” mess that YOU allowed to get started. Do that first, then, we’ll talk about proper fuels. Meanwhile, do not bother our gas ovens or heaters.
Look into a mirror first you greasy bast*rd.
“investigation”
I think he means “bail-out”.
Newsom grand standing.....again.
There are gallons of carbon based oils in his hair style
Hey, anyone gotta mirror. Gavin has lost his again.
Decreased supply with no corresponding decrease in demand always causes the price of a commodity to rise. Loony Dems have been pursuing policies since 2020 that have decreased supply of gas, the price of gas has risen.
There, Newsome; there’s your explanation. There is no need for a federal investigation. I have just saved the government millions or maybe even billions on the cost of an investigation. Feds, if you are reading this, you can at least throw a couple extra grand onto my tax refund. I will certainly be holding my breath waiting for that to happen :)
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