As Gov. Gavin Newsom called for a special session of the Legislature to discuss instituting a windfall profits tax on oil companies in the wake of surging gas prices in California, the price per gallon dropped for a second straight day.
Statewide, the average price also dropped slightly in the past two days, opening Friday morning at $6.392 per gallon.“It looks as though have crested for now, and hopefully we’re going to start to see some drops at the pump,” said Auto Club of Southern California spokesman Doug Shupe. That’s about $1.80 altogether, Hackett said. “It comes off very, very strongly,” he explained, due in large part because of Gov. Gavin Newsom’s decision to move up the annual switch from California’s summer-blended gasoline to less expensive winter-blended gas to help curb prices.
But even with the slight reversal on Thursday and Friday, California motorists are paying $1.11 more on average for regular-grade gasoline than they did one month ago — an increase of 21.1 percent — and $1.96 more than a year ago.
Loool I guess nobody told newsom what happens when you increase costs on a supplier everyone needs … stunning but not surprising
Raise taxes to lower prices. With the highest gas taxes in the nation, I kinda feel like California has tried this and it isn’t working out so well.
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