California may punish oil companies for high gas prices

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 99%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

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 US$8 per gallon as the industry reaped super-sized profits.

Gov. Gavin Newsom, a Democrat seen as a possible presidential candidate beyond 2024, has used all of his political muscle to get the bill this far by making in-person pleas with state lawmakers in private ahead of Thursday's first vote in the state Senate.

California's gasoline prices are already higher than most other states because of taxes, fees and environmental regulations. California's gas tax is the second-highest in the country at 54 cents per gallon. And the state requires oil companies make a special blend of gasoline to sell in California that is better for the environment but is more expensive to produce.

But that idea went nowhere in the state Legislature as lawmakers feared that whatever limit they chose would cause chaos in the market, causing refiners to make less gasoline that would in turn increase prices at the pump. 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.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

They should all pull out of California simultaneously. See what happens.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 1. in KR

대한민국 최근 뉴스, 대한민국 헤드 라인