Governor Newsom's plan is to create a watchdog group to monitor gas prices in California and force penalties on refiners for overcharging.California lawmakers on Thursday will vote on whether to allow penalties on oil companies for price gouging at the pump, a first-in-the-country proposal aimed at stopping the kind of spikes last summer that caused some drivers pay up to $8 per gallon as the industry reaped super-sized profits.
The bill highlights the challenges of balancing the competing pressures of protecting consumers at the pump while at the same time pushing policies to end the state's reliance on fossil fuels. California's climate strategy - which includes banning the sale of most new gas-powered cars by 2035 - would reduce demand for gasoline by 94% by 2045.
In response, Newsom asked lawmakers to limit how much money oil companies could make from selling gasoline in the state, with hefty fines imposed on anyone who went over that threshold. The idea was to incentivize companies to keep the price of oil within a certain range and prevent price spikes like last year.
The bill represents an agreement between Newsom and the Democratic lawmakers who control a majority of seats in the state Legislature. Republicans, who don't have enough members to block bills from passing, blasted the proposal on Thursday.
Can we penalize the CA government for giving all the states money to illegals that don't even reside here ?!
I don’t see the state lowering taxes though
GavinNewsom May we all have our money back?
Read the article. A do nothing piece of legislation. What is truly outrageous is that the Governor and legislators held ‘SECRET” meetings These are elected PUBLIC officials. Everyone who attended these SECRET meetings should resign.
Oh, right.....we shouldn't consider the TAX California imposes We are truly in the nut-shell game!
Cut the damn state tax on gas as well slick.
Go for it. We have had enough with the price gouging.
Yes, I'm tired of these high prices at the pump. I miss those pandemic prices at the pump.
Good. Record profits for the gas companies. Someone needs to reel them in.
How about the gouging fuel taxes?
Just another back door tax. You will pay more then you are paying now. Gavin’s just giving that more to everyone but you.
Right. They only somehow gouge California where we are 80% higher than the national average. Because they only went to gouge one state. It can’t be the highest gas taxes in the country, the enforced special California only blends and the intense regulatory fees. It’s a vendetta!
I thought Biden was at fault?
And every time the investigate them, they never find anything. So what’s the point?
It's gonna be double gouging thanks Newsome
How about penalties on politicians that are ruining the state?
Oh yea that will do it LOL.
Price gouging? How about remove all the taxes California charges per gallon first...
GET RID OF THE GAS TAX!!!! Nobody with a brain voted for that.
The oil companies have nothing to do with it!!! Stop treating us like fools!!! 🤬🤬🤬
wakeup we can't continue to have the commodities we enjoy. The energy unicornfarts produce are not enough to keep it going. Pretty soon, the HungerGames will need to take place.
Why don’t you do some real journalism, because the state of California makes more money on a gallon of gas than oil companies do. It’s called research. It’s called journalism as a news organization. You should be ashamed of yourself for not even looking into that.
Thank you Mr. Governor. You were the best vote I have ever casted.
GavinNewsom
How about tax gouging can we get penalties for that?
Hello
How about we vote to end high gas taxes that newscum is putting on the ca residents
But yet prices will not go down to benefit the consumer… it will be done for Newsom to say… “look how great I am” and then turn around and add more taxes to the fuel under the rouse of combatting climate change…
The point is to get them the lower the prices or pay a penalty.
People are friggen gullible..... Wake up California... you voted for indefinite gas taxes for forever, and now your governor wants you to believe it's oil companies price gauging... Geez .... You all voted for this !! Wake Up !
How about a vote to penalize lawmakers that lie, cheat, steal?
How much is Gov. NUISANCE willing to lose or give up, when doing so? That should be the correct question.
So, he's blaming the indefinite gas tax increase that is Only in California, that they bamboozled the Cali voters to vote for on the oil companies ... got it. There are so many pot holes because our roads are not getting repaved as promised with the indefinite gas tax increase.
Lol blaming the oil companies huh? Not going to blame California gas tax that is higher than other states in the nation, and blows my mind that people believe this guy telling them it’s the oil companies.
Apparently they have nothing better to do. 🙄
CA creates the issue, then blames the company’s that have to cow toe to their ludicrous demands.
Only in California
Yes!!! Do it and then give all the money back to those of us that are overpaying on our rent, natural gas, food and everything else in California now.
The state should be paying us penalties for price gouging us with taxes and regulations.
Still blows smoke upyour ass Newsom.
put the CEO in prison
😡 will only raise prices on us middle class! How about lower gas taxes GavinNewsom ? You 🤡
Who gets the money? The oil companies will price that into future oil! We, the people, are fucked either way!
Just gonna get oil companies to no longer supply CA with fuel and close gas stations to further push EV sales…
How about those taxes that are gouging the ppl what are they going to do about that
The one doing the price gouging is Gavin. Virtually every other state is paying less at the pump.
So the State gets the money, but we still pay. It's called 'Price Rationing' so we don't run out of fuel... Demand is to damn high.
Given the vast majority are franchise owners, will you go after them too?
how about penalties for lying, sneaky, shady politicians who never deliver anything they say they will?
This is actually important versus the asinine candy law
shouldn't the people be the lawmakers here? asking a friend
I hope they pass 😌
HOW ABOUT YOU LOWER THE GAS TAX GavinNewsom ITS ALMOST A DOLLAR MORE THAN MOST STATES
Better do it now.
This is designed to chase oil companies out of California to allow them to institute their battery driven shake down by their primary campaign donors.
Absolutely 💯!!