How will the state manage the slow death of California's gasoline industry?

  • 📰 latimes
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 82%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

California might get into the gasoline refinery business to ensure stable supplies as demand ebbs. Industry officials say that's a recipe for higher gas prices.

It's becoming increasingly clear in Sacramento: The administration of Gov. Gavin Newsom is intent on pumping up state power to oversee the slow decline of California's gasoline refinery industry. It remains to be seen whether the state Legislature will go along. Newsom called a special legislative session to address gasoline price spikes, such as the one last year that sent per-gallon costs soaring past $7 a gallon in parts of the state.

The main complaint: State managers can't grasp the complexities of the gasoline production and supply system, and what's seen as outside interference could increase prices if the system is made less efficient. Plus, they complain, over the decades, state taxes and mandates have been a prime cause of high gasoline prices in California.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 11. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

California’s Wealthy Wine Industry Routinely Endangers Health of Its WorkersBetween wildfires and immigration status, California vineyard workers contend with a host of hurdles to their health.
La source: truthout - 🏆 69. / 68 Lire la suite »

California lawmakers pass controversial AI bill opposed by most of tech industryTech companies have largely balked at the legislation, called SB 1047, saying it could drive AI companies from the state and hinder innovation.
La source: nypost - 🏆 91. / 67 Lire la suite »

Will California flip the AI industry on its head?SB 1047, which governs large AI models, passed California’s legislature amid a hot debate over how to regulate the AI industry. Now it’s up to Gavin Newsom to decide its fate.
La source: verge - 🏆 94. / 67 Lire la suite »

California legal weed industry in tumult after Times pesticide investigationCalifornia's legal weed industry is reeling over whistleblower lawsuit claims, key departures and fear over slumping sales
La source: latimes - 🏆 11. / 82 Lire la suite »

A buzzkill for California’s legal pot industryThe state's legal weed industry faces a wave of turmoil, allowing other states to gain ground.
La source: latimes - 🏆 11. / 82 Lire la suite »

‘Catastrophic’: Looming restrictions on popular THC drinks and gummies alarm California hemp industryCritics say the proposed regulations would effectively outlaw a wide range of popular tinctures, capsules, beverages and other products derived from industrial hemp, including those that contain mo…
La source: mercnews - 🏆 88. / 68 Lire la suite »