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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 ...
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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
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.
The price of gas has been dropping here , every week
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.
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.
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.
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?
Where is ‘here’? I am up 30 to 60 cents per gallon since just before laber day.
Gas companies make 4 cents per gallon and the state makes $1.50/gal, which one is gouging?
Hey Newsome. Maybe allow more refineries to be built?
NAH.
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.
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.”
“ 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.
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.
Gas prices here in Texas are $2.59 - $3.09 depending on location
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.
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.”
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