Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Ringside: What’s Behind Newsom’s ‘Special Session’ on Gasoline Prices
california globe ^ | 09/25/24 | Edward Ring

Posted on 09/26/2024 6:32:06 AM PDT by eyeamok

None of this, however, is stopping Governor Gavin Newsom, who has dragged a handful of legislators back to the Capitol for a special session on alleged price gouging by California’s oil refineries. In a press release on September 3, the governor claimed that “Gas price spikes on consumers are profit spikes for oil companies, and they’re overwhelmingly caused by refiners not backfilling supplies when they go down for maintenance.”

To prevent these alleged misdeeds, the governor proposes to require California’s refineries to stockpile reserves of gasoline to meet demand whenever refineries are not operating. In addition to mandatory storage, the law would require refineries to report how much refined gasoline they have stored at all times.

(Excerpt) Read more at californiaglobe.com ...


TOPICS: Business/Economy; Crime/Corruption; Front Page News; Government; Miscellaneous; Politics/Elections
KEYWORDS: california; centralplanning; classwarfare; pricecontrols
Navigation: use the links below to view more comments.
first 1-2021-33 next last
1. Chevron, Phillips 76 and Exxon/Mobile all have refineries in SoCal, and if they were thinking long term they would immediately SHUT DOWN those refineries and Move out of State.

2. All Public Employee's in the State should be Required to exclusively use an EV or Mass Public Transportatio for ALL Travel at ALL times. This will save the limited supply of Gasoline for the Citizens

1 posted on 09/26/2024 6:32:06 AM PDT by eyeamok
[ Post Reply | Private Reply | View Replies]

To: eyeamok

This is an obvious attempt to appear to be “doing something.” It’s also a sign that the issue is an important one, even to them.


2 posted on 09/26/2024 6:34:41 AM PDT by cdcdawg (The Left can't meme.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: eyeamok

The price of gas has been dropping here , every week


3 posted on 09/26/2024 6:42:39 AM PDT by butlerweave
[ Post Reply | Private Reply | To 1 | View Replies]

To: cdcdawg

The only one ‘guaging’ as Harris puts it, is the State of California. If they took off their rediculous environmental restrictions, then they could drop $3 off of the price. Why is California’s gasoline $3 or more per gallon of gas more than the rest of the states? Look at California regulations.


4 posted on 09/26/2024 6:44:24 AM PDT by Eli Kopter
[ Post Reply | Private Reply | To 2 | View Replies]

To: eyeamok

Uhh...Gavin...you have the highest state taxes on distillate fuels of any state in the union. Instead of going after companies that actually produce fuels, why not just cut back on your state spending and reduce the taxes on fuels?

Why is it that you Democrats always hurt producers with you policies rather than looking for ways to cut spending to help the people of CA. It’s because you want to give take the money from productive citizens and give it away to buy votes for the next election.


5 posted on 09/26/2024 6:45:08 AM PDT by econjack
[ Post Reply | Private Reply | To 1 | View Replies]

To: Eli Kopter

I don’t know if it’s still true, but CA lets each county set its own fuel regulations in terms of “blends”. It used to be that CA has 32 blends for 3 types of fuels (regular, mid-grade, and premium). This prevents the producers from achieving economies of scale and lower prices that would otherwise be possible.


6 posted on 09/26/2024 6:50:09 AM PDT by econjack
[ Post Reply | Private Reply | To 4 | View Replies]

To: eyeamok
Ask about Biden draining the Federal Oil Reserve.

7 posted on 09/26/2024 6:50:12 AM PDT by BitWielder1 (I'd rather have Unequal Wealth than Equal Poverty.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: eyeamok

In the last month NorCal gas has gone from high $4.80 to higher $5.60 with high octane at $5.99. Newsom will do what?


8 posted on 09/26/2024 6:52:34 AM PDT by Karliner (Heb 4:12 Rom 8:28 Rev 3, "...This is the end of the beginning." Churchill)
[ Post Reply | Private Reply | To 1 | View Replies]

To: butlerweave

Where is ‘here’? I am up 30 to 60 cents per gallon since just before laber day.


9 posted on 09/26/2024 6:58:30 AM PDT by Magnum44 (...against all enemies, foreign and domestic... )
[ Post Reply | Private Reply | To 3 | View Replies]

To: eyeamok

Gas companies make 4 cents per gallon and the state makes $1.50/gal, which one is gouging?


10 posted on 09/26/2024 7:02:47 AM PDT by bray (It's not racist to be racist against races the DNC hates.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: eyeamok

Hey Newsome. Maybe allow more refineries to be built?

NAH.


11 posted on 09/26/2024 7:15:28 AM PDT by Organic Panic (Democrats. Memories as short as Joe Biden's eyes)
[ Post Reply | Private Reply | To 1 | View Replies]

To: bray
A: The gas companies because the state is trying to stop glowbull war, er cool um, climate change. So obviously it’s the gas companies gauging us and our future. It’s fer the chillrens they didn’t abort.
12 posted on 09/26/2024 7:19:28 AM PDT by Repeat Offender (While the wicked stand confounded, call me with Thy saints surrounded.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: eyeamok
What's Behind Newsom’s ‘Special Session’ on Gasoline Prices,


Well, how about demonizing oil producers as price gouging profiteers sucking the life blood out of the people while at the same time promoting even more insane new California energy policies that will drive the prices higher than the old California insane energy polices already have.

13 posted on 09/26/2024 7:28:46 AM PDT by rdcbn1
[ Post Reply | Private Reply | To 1 | View Replies]

To: eyeamok

Yeah, as if Newsom is some kind of expert on the economy - not understanding that mandating oil companies to stockpile gas will raise the price to the consumer and/or cause the companies to flee California, as Chevron has moved its headquarters - and 2,000 jobs - to Texas.

“Contributing to the company’s move is likely California’s lawsuit filed last year against five big oil companies, including Chevron over climate change.”

And don’t think they won’t close their refineries:

“According to recent reports, Chevron has warned that it may close both refineries it operates in California, including the Richmond Refinery...The refinery is a major employer and economic driver in the region. If closed, it could lead to job losses and economic disruption.”


14 posted on 09/26/2024 7:28:52 AM PDT by Bon of Babble (You Say You Want a Revolution?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Organic Panic

“ Hey Newsome. Maybe allow more refineries to be built?

NAH.”
***********************************************

Too expensive for just about anyone to build now. Instead of subsidizing wind and solar, maybe it would be better to subsidize new modern refineries designed for American sourced petroleum.


15 posted on 09/26/2024 7:31:44 AM PDT by House Atreides (I’m now ULTRA-MAGA-PRO-MAXted)
[ Post Reply | Private Reply | To 11 | View Replies]

To: butlerweave

Filled up yesterday in So Cal and gas is definitely up - again.

“As of September 12, 2024, the highest average gas price in the US is in California, with a price of $4.76 per gallon (Source: “US Gas Prices: See Where Your State Stacks Up”, published on September 18, 2024).

In January 2024, the average price per gallon of regular gasoline in California was $4.56 - it’s essential to note that California has consistently had the highest average gas prices in the US throughout 2024.”

Guess I got off easy at $4.69 - I use Ralphs gas points so that gave me $1.00/off per gallon. Still, just returned from Pennsylvania where I saw gas at $3.19/gallon.


16 posted on 09/26/2024 7:34:05 AM PDT by Bon of Babble (You Say You Want a Revolution?)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Bon of Babble

Gas prices here in Texas are $2.59 - $3.09 depending on location


17 posted on 09/26/2024 7:35:26 AM PDT by 38special (The government is ruining our country!)
[ Post Reply | Private Reply | To 16 | View Replies]

To: Organic Panic

Newsom doesn’t care, he is far above the hoi polloi while being driven around in a limo, flying around for Dem fundraisers and eating at $200/plate restaurants like French Laundry while mandating COVID restaurant closures. Hell, he told us to mask up when eating with our families and to put our masks on between bites.

He won his recall in a landslide and knows he is untouchable in this state.


18 posted on 09/26/2024 7:37:14 AM PDT by Bon of Babble (You Say You Want a Revolution?)
[ Post Reply | Private Reply | To 11 | View Replies]

To: butlerweave
Gas prices in CA have been rising for a month now. They are now between $.50 - $.70 more expensive than last month.

Now the dirty little secret is that CA requires special winter and summer gasoline blends. It takes about 30 days to make the changes. half of the refineries shut down, make changes then the other half shuts down.

If and Liberal in CA had a brain they abandon the special blends and follow the rest of the nation.
19 posted on 09/26/2024 7:43:58 AM PDT by glaseatr (Father of a Marine, Uncle of SGT Adam Estep. A Co. 2/5 Cav. KIA Thurs April 29, 2004 Baghdad Iraq)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Eli Kopter

It is expensive in California because of TAXES, REGULATIONS AND GREATER COSTS OF DOING BUSINESS IN CALIFORNIA. All the above are in control of Governor Newsom aka “Governor Good Hair.”


20 posted on 09/26/2024 7:47:10 AM PDT by cpdiii (cane cutter, deckhand, oilfield roughneck, drilling fluid tech, geologist, pilot, pharmacist ,MAGA)
[ Post Reply | Private Reply | To 4 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-33 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson